05 May 2021, 06:00 PM
Rights Entitlements listing in May 2021When 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 May:
|Company||Rights Entitlement (RE)||ISIN||RE Listing date||RE Last trading date||Last date to apply for rights shares|
|KDDL Limited||KDDL-RE||INE291D20011||April 09||May 03||May 07|
|Sundaram Finance Holdings||SFHL-RE||lNE202Z20011||May 06||May 28||June 02|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.