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Cashless takeup of a rights issue refers to the process by which existing shareholders can exercise their rights to purchase additional shares without needing to provide cash upfront. Instead of paying cash, they may use existing shares they already own or receive shares from other shareholders who choose not to exercise their rights. This method facilitates participation in the rights issue while avoiding immediate cash outflows. It’s often used to make rights issues more accessible to investors who may not have liquid funds available.

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3w ago

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