hello All, I am new to Rights issue and got the basic idea about what it is all about.
Investors who have 23 shares in their demat account on the record date can subscribe to the rights issue and get 1 share (if allocated) at a price of 2380.
My question now is
When a right issue is fixed at 2380 and the CMP is close 2800 will there be a correction in price or will the price shoot up.
I do not have any shares of PEL and would like to invest, I cannot buy 23 shares at this point in time. So before buying the shares (1 or 2) I would like to know when to buy them.
Inputs would be very helpful.