The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement.
Shareholders are granted rights entitlements by temporarily crediting their Demat accounts with RE, giving them the right to participate in a rights issue. Please note that these are Rights Entitlement and not rights shares. To get shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. Since RE are temporary in nature, they will cease to exist after the closure date, so execute your RE or sell it in the secondary market before the last trading date.
Here’s the listing for July 2022.
| Company | RE Symbol | Circular | RE listing date | RE last trading date | Last date to apply for Rights Shares | Where to apply for rights shares |
| Banas Finance Ltd. | BANASFN-RE | BSE circular | 5-Jul | 14-Jul | 19-Jul | RTA |
| Maharashtra Corporation Ltd. | MAHACOPR-RE | BSE circular | 19-Jul | 27-Jul | 2-Aug | RTA |
Please note: The value of RE will be zero after the rights issue closure date.
