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 (RE) 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 the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.
Here’s the listing for October 2023:
| Company | Ex-date | Record Date | RI Price (Rs. per share) | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
| Bhandari Hosiery Exports Limited | 13-Sep | 13-Sep | INR 5.50 | 03-Oct to 09-Oct | 13-Oct | ASBA | BSE |
| Globe International Carriers Limited | 22- Sep | 22- Sep | INR 49.50 | 04-Oct to 09- Oct | 12- Oct | ASBA | NSE |
| Dudigital Global Limited | 22- Sep | 22- Sep | INR 26.50 | 29- Sep to 10- Oct |
16- Oct | ASBA | NSE |
| Marshall Machines Limited | 29- Sep | 29- Sep | INR 44.50 | 11- Oct to 16- Oct | 19- Oct | ASBA | NSE |
| Syschem (India) Limited | 29- Sep | 29- Sep | INR 40 | 16- Oct to 23- Oct | 27- Oct | ASBA | BSE |
| Highways Infrastructure Trust (InvITs) | 29- Sep | 29- Sep | INR 77.96 | 09- Oct to 09- Oct | 11- Oct | ASBA | NSE |
Please note: The value of RE will be zero after the Rights Issue closure date.
RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.
How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount).
Here's a list of existing SCSBs.
For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.
