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Can I renounce rights post suspension of rights entitlement trading?

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The rights entitlements trading is allowed for a specific period on the stock exchange. Once the right entitlement trading is suspended, one can renounce their rights only by way of off-market renunciation.

There is no time frame defined for off-market renunciation as is the case for rights entitlement trading. It can be done anytime from issue opening date till issue closure date. However, it should be done within a reasonable timeframe in such a way that the transfer is completed in such a manner that the Rights Entitlements are credited to the Demat account of the Renouncees on or before the Issue Closing Date.



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