Description
BSE announces trading of Rights Entitlements (REs) for STAR HOUSING FINANCE LIMITED from October 10 to October 27, 2025, with the Rights Issue open until October 31, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of STAR HOUSING FINANCE LIMITED from October 10, 2025 to October 27, 2025. The Rights Issue will be open from October 10, 2025 to October 31, 2025. The REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and will be tradable in dematerialized form only.
Key Points
- Rights Entitlements trading for STAR HOUSING FINANCE LIMITED begins on October 10, 2025
- Scrip Code: 751042, Scrip ID: STARHF-RE, ISIN: INE526R20010
- Market Lot: 1, Group: R
- Trading only in dematerialized form
- T+1 rolling settlement on trade-for-trade basis
- REs not subscribed or renounced before issue closing date will lapse and be extinguished
- Trading members must include disclaimer in contract notes about REs vs ordinary shares
- Clients must be informed about ISIN and rights participation requirements
Regulatory Changes
No regulatory changes. This is a standard rights entitlements trading announcement following existing BSE procedures as outlined in notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020.
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading
- Trading members must clearly mention the ISIN (INE526R20010) of the RE
- Contract notes/bills must prominently include disclaimer that REs only give right to participate in Rights Issue or renounce
- Trading members must ensure clients understand REs are not ordinary shares
- Clients must be informed that un-subscribed or un-renounced REs will lapse after issue closing date
- Trading members must refer to previous notices (20200305-21 and 20200518-34) for additional details
Important Dates
- October 7, 2025: Notice Date
- October 10, 2025: Rights Entitlements trading begins; Rights Issue opens
- October 10-27, 2025: Trading period for renunciation of Rights Entitlements
- October 31, 2025: Rights Issue closes
- After October 31, 2025: Un-subscribed/un-renounced REs will lapse and be extinguished
Impact Assessment
Market Impact: Medium - affects existing shareholders of STAR HOUSING FINANCE LIMITED who can trade their rights entitlements during the specified period. Provides liquidity option for shareholders who do not wish to participate in the rights issue.
Operational Impact: Trading members need to ensure proper disclosure mechanisms, update systems for RE trading with specified ISIN, and educate clients about the difference between REs and ordinary shares. The trade-for-trade settlement reduces systemic risk but requires specific operational handling.
Impact Justification
Standard rights entitlements trading announcement for a specific company, relevant to shareholders and trading members but limited to one scrip with standard settlement procedures.