Hardly a 5% difference between the spot price and rights price. Since the Sensex has still some downside left, even this discount may disappear.
If you have an odd number of stocks, apply for a small quantity to round off your holding to the nearest 50/100 shares (e.g. if you hold 180 shares then your rights entitlement will be 30 shares @ 1:6; apply for 20 and renounce 10).
The other option is to not apply but renounce the whole lot. The Tata's will try and keep the spot price propped up till the rights issue gets over, but I feel you may get a better price afterwards.
Subhankar
http://investmentsfordummieslikeme.blogspot.com
If you have an odd number of stocks, apply for a small quantity to round off your holding to the nearest 50/100 shares (e.g. if you hold 180 shares then your rights entitlement will be 30 shares @ 1:6; apply for 20 and renounce 10).
The other option is to not apply but renounce the whole lot. The Tata's will try and keep the spot price propped up till the rights issue gets over, but I feel you may get a better price afterwards.
Subhankar
http://investmentsfordummieslikeme.blogspot.com
On Thu, Sep 25, 2008 at 9:04 AM, Abraham Sam <vinu.sam@gmail.com> wrote:
Hi All,Is it worth subscribing? any advice from experts?Rgds
AbrahamOn Wed, Sep 24, 2008 at 5:32 PM, Subrahmanyam Devaganugala <subbu5646@gmail.com> wrote:
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With regards,
D.Subrahmanyam
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Best Regards
Abraham Vinu Sam
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