How to Apply For Suzlon Energy Rights Issue Online ?

Step by step process to apply for Suzlon Energy Rights issue through Online ASBA facilities of the banks. Eligible Shareholders may pay the amount of Rights issue through their linked bank account or 3 in 1 Trading account. As per SEBI Guidelines, Cash payments shall not be accepted.

Steps to make the payments For Rights Issue online

(b) Physical ASBA: by submitting the duly filled up ASBA Form at the designated branch of the SCSB, to block the monies payable towards in their respective bank accounts maintained with such SCSBs;

(c) Payment through 3-in-1 account: Eligible Shareholders may make the payment through the facility of linked online trading-demat-bank account (3-in-1 type accounts), provided by some of the registered brokers. Please check with your respective broker for availability of the 3-in-1 type account facility. 

How To Make Suzlon Energy Rights Issue Payment Online ?

Eligible Shareholders are advised to make payment in full. If the amount paid is less than the First and Final Call due, such amount will be adjusted @ ₹ 2.50 per partly paid-up equity share and the balance money which cannot be adjusted for a whole share will be refunded / unblocked. Such Eligible Shareholder will be deemed “in arrears of payment of First and Final Call” to the extent of partly paid-up equity shares on which the First and Final Call remains unpaid and the consequences of failure to pay the First and Final Call would apply to him. 

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For example – If an Eligible Shareholder holds 100 partly paid-up equity shares, the aggregate amount payable by him towards the First and Final Call will be ₹ 250. If he makes a payment of only ₹ 200, the amount paid by him will be adjusted against 80 SUZLON PP Equity Shares and the consequence of failure to pay the First and Final Call on the balance 20 partly paid-up equity shares shall apply.