26 Jun 2022, 05:30 PM
Rights Entitlements listing in June 2022When 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 June:
|Company||Rights Entitlement (RE)||ISIN||RE Listing date||RE Last trading date||Last date to apply for rights shares|
|Davangere Sugar Company Ltd||DAVAN-RE||INE179G20011||Jun 16||Jun 27||Jun 30|
|Satyam Silk Mills Ltd||SATSILK-RE||INE07MC20015||Jun 16||Jun 24||July 01|
|Kallam Textiles Limited||KALLAM-RE||INE629F20017||Jun 23||July 04||July 07|
|Saboo Sodium Chloro Ltd||SABOOSOD-RE||INE440C20016||Jun 27||July 20||July 26|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.