14 Mar 2023, 03:00 PM
Rights Entitlements listing in March 2023When 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 March:
|Company||Rights Entitlement (RE)||ISIN||RE Listing date||RE Last trading date||Last date to apply for rights shares|
|Amal Limited||AMAL-RE||INE841D20013||March 06||March 08||March 14|
|Share India Securities Limited||SISL-RE||INE932X20018||March 09||March 13||March 17|
|Sparc Electrex Limited||SPARC-RE||INE960B20015||March 14||April 06||April 12|
|Gokul Agro Resources Limited||GOKUL-RE||INE314T20017||March 16||March 17||March 23|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.