Description
BSE permits trading in Rights Entitlements (REs) for renunciation of Mahindra Logistics Limited from July 31 to August 11, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Mahindra Logistics Limited. Trading will be permitted from July 31, 2025 to August 11, 2025, with the Rights Issue opening from July 31 to August 14, 2025.
Key Points
- Rights Entitlements trading for Mahindra Logistics Limited (Scrip Code: 751018, ISIN: INE766P20016)
- Trading symbol: MAHLOG-RE
- Market lot: 1 share
- Settlement on T+1 rolling basis, trade-for-trade
- Trading only in dematerialized form
- Group R classification
Regulatory Changes
No new regulatory changes introduced. This follows existing framework for Rights Entitlements trading as per previous notices from March 2020 and May 2020.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Include prominent disclaimer in contract notes for RE purchases
- Clarify that REs provide right to participate in rights issue or renounce before closure
- Ensure clients understand REs are not ordinary shares
- Warn that unsubscribed/unrenounced REs will lapse after issue closing date
Important Dates
- RE Trading Period: July 31, 2025 to August 11, 2025
- Rights Issue Period: July 31, 2025 to August 14, 2025
- Settlement: T+1 rolling basis
Impact Assessment
Medium impact for Mahindra Logistics shareholders who wish to trade their rights entitlements. Provides liquidity mechanism for rights holders who do not wish to subscribe to the rights issue. Trading members need to ensure proper client communication and compliance with disclosure requirements.
Impact Justification
Affects existing shareholders of Mahindra Logistics participating in rights issue