15 Jul 2020, 11:29 PM
Rights Entitlements listing in July 2020When a company launches a rights issue, eligible shareholders receive Rights Entitlements (RE) in their demat accounts. These REs are not rights shares by themselves and need to be used to apply for the rights shares. The REs will be in the form of temporary demat securities which will lapse if you do not use them to apply for the rights or sell them.
The following REs are listed in the month of July:
|Company||Rights Entitlement (RE)||RE Listing date||RE Last trading date||Last date to apply for rights shares|
|Shriram Transport Finance||SRTRANS-RE||July 16||July 24||July 30|
|PVR||PVR-RE||July 17||July 24||July 31|
|Refex||REFEX-RE||July 27||August 06||August 10|
|M&M Financial||M&MFIN-RE||July 28||August 07||August 11|
|Gateway Distriparks||GDL-RE||July 30||August 7||August 13|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.