Description
BSE announces trading of Rights Entitlements (REs) for JTEKT INDIA LIMITED from August 4-7, 2025, ahead of rights issue opening August 4-12, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for JTEKT INDIA LIMITED. The REs will be available for renunciation trading from August 4-7, 2025, with the underlying rights issue opening from August 4-12, 2025.
Key Points
- Rights Entitlements trading period: August 4-7, 2025
- Rights Issue period: August 4-12, 2025
- Scrip Code: 751020, Scrip ID: JTEKT-RE
- ISIN: INE643A20019
- 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. This follows existing framework for Rights Entitlements trading as per previous notices dated March 5, 2020 and May 18, 2020.
Compliance Requirements
- Trading members must inform all clients about REs trading commencement
- Contract notes must include prominent disclaimer about REs purchase rights
- Clients must be informed that REs only provide right to participate in rights issue or renounce before closure
- Trading members must clarify that REs should not be mistaken for ordinary shares
Important Dates
- August 4, 2025: Rights Entitlements trading begins; Rights Issue opens
- August 7, 2025: Rights Entitlements trading ends
- August 12, 2025: Rights Issue closes
- Unsubscribed/unrenounced REs will lapse after issue closing date
Impact Assessment
Medium impact limited to JTEKT INDIA LIMITED shareholders and trading members. Provides shareholders flexibility to trade their rights entitlements before the rights issue closes. Standard procedure with established settlement mechanisms.
Impact Justification
Standard rights entitlements trading announcement affecting specific company shareholders and trading members