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Can any one explain what is mean by investment acquired on cum right basis
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We know right offer is a right granted to a shareholder to subsribe to shares of the company at a price which is lower than the market price. Since, it represents benefit, it generates demand for shares and as a result, price of share increases. So, if someone acquires shares during such period, we say investment was acquired on cum-right basis, that is this new shareholder will now have a right to subscribe to shares.
