29 Sep 2023, 08:30 AM
Rights Entitlements listing in September 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 September:
|Company||Rights Entitlement (RE)||ISIN||RE Listing date||RE Last trading date||Last date to apply for rights shares|
|Nakoda Group of Industries Ltd||NGIL-RE||INE236Y20020||October 11||September 22||September 27|
|Advik Capital Ltd||ADVIK-RE||INE178T20024||September 18||September 26||September 29|
|Varanium Cloud Ltd||CLOUD-RE||INE0JOO20013||September 28||September 29||October 4|
|Dudigital Global Ltd||DUDIG-RE||INE0HPK20012||September 29||October 10||October 14|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.