Help with CSF

Googly8484 wrote:CSF (nation Lanka Fin) has sent a mail stating that they are offering rights at 1:3 ratio at the price of Rs 5 each.
The closing date for applications is 30th March.
1) But how come the CSF.R started trading today?
2) Since the share is trading ard 4.30 levels today, why should any one subscribe to the issue at Rs. 5.
Am I missing something ???
Can some one help me out to clarify the issue please.

bhagi wrote:"The right issue is "Three (03) new ordinary shares for every two (02) shares held"
Issue Price:- Rs.5/- .

1) If you want to convert each right you have to a full share, you need to pay Rs 5 on or before payment date.
2) If one buys right from the stock market , they need to pay extra Rs 5 to convert to full sahre. So if one buy a right at Rs 4.3 then his total cost will be Rs4.3+5 = 9.3 to convert to full share.

3) Note that one can sell their rights on the stock market also before the renouciation date. This is what si happenign now

Hope this clarifies."

----------

if im eligble to 150 rights ,then do i have to pay 5 rs*150 to get them deposited in the cds?.....in the right acceptance application form they say its 5 rs per right....so if they hv given me 150 rights then do i have to pay 750 rs get them in my portfolio.....

but i also bought few rights today for around 4 rs....

now what do you guys think i hv to do...?.....applying for the rights through application form is still worth ?where now i can buy the rights for even less price?..please someone enlighten me...thanks..

when will be the rights trading will end?