Rights Entitlement listing - July 2022

The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement

Shareholders are granted rights entitlements by temporarily crediting their Demat accounts with RE, giving them the right to participate in a rights issue. Please note that these are Rights Entitlement and not rights shares. To get shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. Since RE are temporary in nature, they will cease to exist after the closure date, so execute your RE or sell it in the secondary market before the last trading date.

Here’s the listing for July 2022.

CompanyRE SymbolCircularRE listing dateRE last trading dateLast date to apply for Rights SharesWhere to apply for rights shares
Banas Finance Ltd.BANASFN-REBSE circular5-Jul14-Jul19-JulRTA
Maharashtra Corporation Ltd.MAHACOPR-REBSE circular19-Jul27-Jul2-AugRTA 

Please note: The value of RE will be zero after the rights issue closure date.

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