Description
BSE announces trading in Rights Entitlements (REs) for Mahindra Logistics Limited starting July 31, 2025, with rights issue open until August 14, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for Mahindra Logistics Limited, effective from July 31, 2025. The rights entitlements allow shareholders to either participate in the rights issue or renounce their rights through trading.
Key Points
- Rights Entitlements trading begins Thursday, July 31, 2025
- Trading period for renunciation: July 31, 2025 to August 11, 2025
- Rights Issue period: July 31, 2025 to August 14, 2025
- Scrip Code: 751018, Scrip ID: MAHLOG-RE
- ISIN: INE766P20016
- Market Lot: 1, Group: R
- Settlement: T+1 Rolling Settlement basis, trade-for-trade
- Trading only in dematerialized form
Regulatory Changes
No new regulatory changes introduced. Existing framework for rights entitlements trading applies as per previous notices dated March 05, 2020 and May 18, 2020.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Contract notes must include prominent disclaimer about RE purchase rights
- Trading members must clarify that REs are not ordinary shares
- Clients must be informed that REs give right to participate in rights issue or renounce before closure
Important Dates
- July 31, 2025: Rights Entitlements trading begins, Rights Issue opens
- August 11, 2025: Last day for RE renunciation trading
- August 14, 2025: Rights Issue closes
- After Issue Closing Date: Unsubscribed and unrenounced REs will lapse
Impact Assessment
Moderate impact on Mahindra Logistics shareholders who can now trade their rights entitlements instead of letting them lapse. Provides liquidity and flexibility for shareholders who may not wish to subscribe to the rights issue directly.
Impact Justification
Rights entitlements trading affects existing shareholders' ability to participate in rights issue or trade their entitlements