How do I renounce my rights?

The rights shares can be renounced by participating in the rights entitlement trading platform of the stock exchange known as an on-market renunciation or by way of off-market transfer known as off-market renunciation.

In the case of on-market renunciation, the settlement of rights entitlement happens similar to equity stock on T+2. The on-market renunciation can offer better pricing opportunities based on the demand and supply of the RE in the market.

In the case of off-market renunciation, the pricing will be decided mutually by both parties. The off-market renunciation can be done till the issue closure date, unlike on-market renunciation which closes 3-4 before the issue closure date.