The company has announced a rights issue in the ratio of 1:15. If I have 10 shares of the company in my Geojit account and 5 shares in my HDFC account, am I eligible to exercise the rights?
The RTA performs a folio-wise check for eligibility.
Although the same PAN is mapped to both your demat accounts, the shares are held in separate folios as per the RTA’s records.
This means that you will not receive the Rights Entitlements (RE) in a scenario where you have 10 shares in one demat account and 5 shares in another.
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