Hello folks ! It’s been a while since I actually had the time to sit down and pen my thoughts, it’s just been a little hectic lately with work and traveling. However I shall attempt to pen down my thoughts as an when I could and hopefully at least manage to post twice a month.
Anyways as many of you probably already know, I had as mentioned in a previous post that I’d be participating in the recent Rights Issue by Noble Group about a month back in July 2016. I’d narrate a short version of what happened in that experience.
By definition, a rights issue basically means giving all existing shareholders the proportionate rights to subscribe for new shares, so they can choose to maintain their holding in the company.
A renounceable rights offering as Noble did means existing shareholders entitled for rights offering also have a chance to sell …