It means investors who held equity shares of Reliance Industries as on May 14, the record date, are eligible or entitled for rights shares. These same investors can either retain this entitlement to get partly paid rights shares in June by paying first installment of Rs 314.25 per share (of total rights issue price of Rs 1,257) or can transfer these shares in part or full to others through trading platform introduced by SEBI. … [Read more...] about Explainer | What is a Rights Entitlement? And How to participate in it?
Waters whats real
True. That's what we also notice when we look at the past. This time around, we have already seen that moving from financials space to other sectors. On areas or themes, rather than picking sectors, we focus on our BMV philosophy where we focus on (a) Business (b) Management and (c) Valuation. In the current context, because of the dislocation, cashflows and balance sheets of various businesses have seen a major change in a few sectors, reasonable change in a few sectors and very minimal change in a few. Some have also benefitted at the margin. In that context, the common theme that has emerged in this cutting across sectors, even where a sector is facing massive headwinds, is a few leaders benefitting disproportionately in terms of ability to gain market share in this phase of large dislocation. Market-share gains are typically more sticky and to that extent, our picks are benefitting more from this theme. … [Read more...] about ‘Return to normal in financials a fair way off; SIP to remain strong if fewer jobs are lost’
We’re becoming conscious of this now because it’s harder to accommodate random, serendipitous collaboration virtually. It doesn’t just happen the way it did before. Suddenly, we have to plan for it. We have to find a time that’s available across multiple different calendars, all of which have a funny way of filling up faster than before. Strategy sessions require more delicate coordination and are more easily hampered by things like faulty internet connections. Incessant chatting—whether in Slack, Gmail, etc.—inevitably results in chat fatigue, which makes it less likely that important messages or updates are heard and internalized. And brainstorming happens less. Without planning, opportunities for spontaneous conversation simply don’t arise. … [Read more...] about 3 must-haves to collaborate and brainstorm when your team all works remotely
Challenges from this bias grow over time. All events eventually disappear from living memory—a process that takes about 90 years. Once this happens, later generations have fewer opportunities to have compelling conversations with eyewitnesses. These interactions are important motivators for taking the threat of recurrence seriously. The disappearance of vivid personal memories of polio, whooping cough, and measles has plausibly contributed to the rise of anti-vaccination sentiment, in spite of the well-documented danger of these diseases. … [Read more...] about We will very quickly forget the lessons of this pandemic
Investors also have the option to decline the offer or sell the rights to another investor. A shareholder may refuse to subscribe to the rights issue and just let the 'right' lapse, in which case the investor gets nothing. Alternatively, he can renounce the shares in favour of another person (called the renouncee) for a price. The process starts when the company despatches a letter to each eligible shareholder informing him that the rights entitlement has been credited into his demat account and the duration of trading of the RE. Shareholders who do not want to exercise their RE can sell it to the renouncees on an electronic trading platform. After the end of the trading period, the registrar and transfer agent will debit the RE from respective demat accounts for lapsed REs. … [Read more...] about ‘Investors can look at RIL Rights Issue offer as an opportunity given growth prospects in Jio, Retail’