Description
BSE announces trading of Rights Entitlements (REs) for Cyber Media (India) Limited from August 18-19, 2025, with Rights Issue opening August 18-29, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Cyber Media (India) Limited. Trading will be permitted from August 18-19, 2025, with the underlying Rights Issue opening from August 18-29, 2025.
Key Points
- Rights Entitlements trading period: August 18-19, 2025 (2 days only)
- Rights Issue period: August 18-29, 2025
- Scrip Code: 751025, Scrip ID: CYBER-RE
- ISIN: INE278G20011
- Market Lot: 1, Group: R
- Settlement: T+1 Rolling Settlement basis
- Trading: Trade-for-trade basis in dematerialized form only
Regulatory Changes
No new regulatory changes introduced. Existing framework for Rights Entitlements trading applies 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 explaining that REs purchase only provides right to participate in Rights Issue
- Members must clarify that REs are not ordinary shares of the company
- Clients must be informed that unexercised/unrenounced REs will lapse after Issue Closing Date
Important Dates
- August 18, 2025: Rights Entitlements trading begins; Rights Issue opens
- August 19, 2025: Rights Entitlements trading ends
- August 29, 2025: Rights Issue closes
- Post-closing: Unexercised REs will lapse and be extinguished
Impact Assessment
Medium impact on existing Cyber Media shareholders who can either participate in the rights issue or trade their entitlements during the short 2-day trading window. The brief trading period requires prompt decision-making by shareholders regarding participation or renunciation.
Impact Justification
Rights entitlements trading affects existing shareholders' ability to participate in rights issue or trade their entitlements