23 Nov 2020, 09:00 AM
Rights Entitlements listing in November 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 November:
|Company||Rights Entitlement (RE)||RE Listing date||RE Last trading date||Last date to apply for rights shares|
|Shoppers Stop Limited||SHOPERSTOP-RE||November 27||December 07||December 11|
|Pricol Limited||PRICOLLTD-RE||December 03||December 11||December 17|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.