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Rights Issue Renouncee

A renouncee in the rights issue process is a person receiving the rights entitlements in renunciation by paying a price for shares acquired from the seller.

A renouncee is the person buying the rights entitlements in the renunciation process of a rights issue by paying a price for the shares purchased from the seller who is not willing to subscribe to his rights.

A renouncee can apply for rights shares based on the rights entitlements in his possession but cannot apply for any additional rights shares.

Answered on

Frequently Asked Questions

  1. 1. Can I apply for rights shares based only on the REs purchased and not owning any shares as on record date?

    Yes, you can apply for the rights shares even when you did not own any shares of the company as on record date. You can apply for the rights shares in the capacity of a renouncee based on the rights entitlements either purchased from the market or off-market.

    The main criteria for applying to rights issue is having rights entitlement in your possession before the application is made. However, one thing to note in such a case is that the purchaser of the RE, i.e. the renouncee cannot apply for additional shares above their RE holding, unlike eligible shareholders as on record date who can apply for additional rights shares when subscribed to their rights in full.

     


2 Comments

2. Rajashekhar h   I Like It. | Report Abuse |   Link | Mar 19, 2022 3:46:05 PM Reply


Dear sir/madam,


I have purchased 780 wockhardt Re shares for Rs 51.01 on 16.03.2022, but those shares are not showing in Demat Account,

Please suggest me what shall i do further

i have purchased through upstox demat account sir

please help in this regard, i am not getting what to do to get those shares in to my account sir


Rajashekhar H

1. Preeti   I Like It. | Report Abuse |   Link | Jan 23, 2022 7:37:49 PM Reply
श्रीमान मेरे पास सोमके RE 1500 है 25 जनवरी राइट सिलेंडर करने की दिनांक है यदि यह हेयर में राइट सिलेंडर करती हो तो मुझे कितने पैसे मिलेंगे मेरा सेटलमेंट क्या रहेगा आरई शेयर के लिए तो मैंने₹30 प्रति शेयर आर ई का लिया हूं (२) 15०० RE के शेयर के बदले मुझे शेयर लेना है तो कितने पैसे वन टाइम भरने होंगे और कब तक भरेंगे किस वेबसाइट से मुझे कैसे भरने होंगे बताइए प्लीज (३) यदि मुझे किसी कंपनी के शेयर पर राइट ऑफ इशू मिलते हैं परंतु मुझे वह जो मेल आता है कि आपको राइट ऑफ इश्यू के जरिए इतने शेयर अलर्टमेंट हो सकते तो वह अलॉटमेंट होने वाले शेयर ना खरीदे वैसी भेज सकता हूं क्या