Feedback Message Board

Can one buy from market rather than applying for it

Yes, I like to buy from market for RE

This is what I have received from Zerodha

The trading window for Suzlon Energy Limited REs you have received or purchased closes on 14 October 2022. Suzlon Energy Limited RE is a Rights Entitlement for the rights issue by the company. You can read more about REs here. After the rights issue closes, the REs will be extinguished and removed from your holdings. In order to ensure that your REs don't expire underutilized, you may either:

Apply for the rights shares by 20 October 2022 to utilize the REs.
Sell the REs on Kite by 14 October 2022.
The REs are traded in the trade to trade segment. Accordingly, if you've purchased the REs less than 3 trading days before the window closes, you will not be able to sell the REs on Kite. However, you may still apply for the rights shares before the application window closes.

The application can be made using net banking ASBA if your bank supports it or offline by submitting an Application Form to the Designated Branch of the SCSB (Self Certificate Syndicate Bank). You can check the process in this post. Please ignore this email if you have already applied for the rights shares.

Regards,
Team Zerodha