1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Idea rights issue

Discussion in 'Fundamental Analysis' started by akuvijay, Mar 21, 2019.

  1. akuvijay

    akuvijay Active Member

    Joined:
    Sep 6, 2016
    Messages:
    37
    Likes Received:
    25
    Guys,

    Anyone has experience with rights issue??

    What will happen to idea share now?

    Is there a way out for not increasing the exposure in share ?? If we do nothing, I think we will end up in loss post rights issue.. how to handle this situation??


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    akuvijay, Mar 21, 2019
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    If you aren't applying for the rights issue, make sure you sell off before 29thMarch or else price of the share will fall to less than 20 Rs.

    If you are applying, you will get the next set of shares and your price fall will be compensated for the new shares.

    A business with so much competition is better avoided as of now. Once things stabilize and I am sure it will soon, one can consider.
     
    shabbir, Mar 23, 2019
    Share #2
    akuvijay likes this.
  3. akuvijay

    akuvijay Active Member

    Joined:
    Sep 6, 2016
    Messages:
    37
    Likes Received:
    25
    akuvijay, Mar 23, 2019
    Share #3
    nirajshah likes this.
  4. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    nirajshah, Mar 24, 2019
    Share #4
  5. akuvijay

    akuvijay Active Member

    Joined:
    Sep 6, 2016
    Messages:
    37
    Likes Received:
    25
    akuvijay, Mar 28, 2019
    Share #5
    chaitanya_mella, shabbir and nirajshah like this.
  6. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    nirajshah, Mar 29, 2019
    Share #6
    akuvijay, chaitanya_mella and shabbir like this.
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I will say a bold but correct decision. Invest in secular growth stories with unique business rather than trying to find value in over competing environment.
     
    shabbir, Mar 29, 2019
    Share #7
    akuvijay and nirajshah like this.