Indiabulls housing finance Rights issue

85°
Critic
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Indiabulls housing finance RE ( Right entitlement) is trading at 45. Suppose someone has 100 shares - what is the profit on selling them ?

@bikidas2060

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Benevolent Benevolent
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Buying price ?

Critic Critic
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Rights entitlement shares are showing in my account since today - I haven't purchased them. Indiabulls finance is giving 1 RE for every 2 share held. 

Investor Guru Investor Guru
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No idea bhai

Deal Lieutenant Deal Lieutenant
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Right entitlement is the right for the existing shareholders to buy new shares before those are sold out in market?

Critic Critic
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Yes, you get RE for being existing shareholder. Either you can sell RE or use them to apply for rights share at a certain cost fixed by company. 

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