Description
Rights entitlements for Spandana Sphoorty Financial Limited will be available for trading from August 1-6, 2025, with rights issue opening August 1-11, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for Spandana Sphoorty Financial Limited. The REs will be available for renunciation trading from August 1-6, 2025, while the underlying rights issue will be open from August 1-11, 2025.
Key Points
- Rights Entitlements trading period: August 1-6, 2025
- Rights Issue period: August 1-11, 2025
- Scrip Code: 751019, Scrip ID: SPAND-RE
- ISIN: INE572J20011
- Market lot: 1, Group: R
- Settlement: T+1 rolling settlement on trade-for-trade basis
- Trading only in dematerialized form
Regulatory Changes
No new regulatory changes introduced. Existing framework for rights entitlements trading applies.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Contract notes must include prominent disclaimer about RE purchases
- Disclaimer must clarify that REs only provide right to participate in rights issue or renounce
- Trading members must reference ISIN and ensure REs are not mistaken for ordinary shares
Important Dates
- August 1, 2025: Rights Entitlements trading begins; Rights Issue opens
- August 6, 2025: Rights Entitlements trading ends
- August 11, 2025: Rights Issue closes
- Unexercised REs will lapse after issue closing date
Impact Assessment
Medium impact for Spandana Sphoorty shareholders who can trade their rights entitlements during the specified period. Provides liquidity option for shareholders who may not wish to subscribe to the rights issue directly. Limited broader market impact as it’s company-specific.
Impact Justification
Rights entitlements trading affects existing shareholders and market participants but is company-specific