25 May 2022, 08:00 AM
Rights Entitlements listing in May 2022
When 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|
|TCM Limited||TCM-RE||INE034F20010||May 12||May 19||May 26|
|NCL Research & Financial Services||NCLRESE-RE||INE132F20012||May 16||May 23||May 27|
|Integra Essentia Ltd||ESSEN-RE||INE418N20019||May 16||June 08||June 14|
|Dynemic Products Ltd||DYNPRO-RE||INE256H20015||May 25||June 03||June 08|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.