Description

NSE enables trading of rights entitlements for Spandana Sphoorty Financial Limited from August 1-6, 2025, with mandatory demat and trade-to-trade segment requirements.

Summary

NSE has admitted Rights Entitlements (REs) of Spandana Sphoorty Financial Limited for trading on the Capital Market segment effective August 1, 2025. The REs will trade under symbol SPAND-RE with ISIN INE572J20011, comprising 17,391,304 rights entitlements available for renunciation trading from August 1-6, 2025.

Key Points

  • Rights Entitlements trading commences August 1, 2025 under symbol SPAND-RE
  • Total 17,391,304 rights entitlements available for trading
  • Trading period for renunciation: August 1-6, 2025
  • Rights will be suspended from trading on August 7, 2025
  • Market lot size: 1 unit
  • Mandatory trading in Trade to Trade segment with compulsory demat

Regulatory Changes

None specified - this is a standard rights entitlements trading notification under existing NSE Capital Market Trading Regulations.

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading
  • Must clearly mention ISIN of RE and clarify these are not ordinary shares
  • Contract notes/bills must include prominent disclaimer explaining:
    • Purchase of REs only provides right to participate in rights issue
    • REs can be renounced before issue closure
    • Unsubscribed and unrenounced REs will lapse after Issue Closing Date
  • All trading must be in demat form

Important Dates

  • Trading Commencement: August 1, 2025
  • Renunciation Trading Period: August 1-6, 2025
  • Trading Suspension: August 7, 2025
  • Circular Effective Date: August 1, 2025

Impact Assessment

Medium impact limited to Spandana Sphoorty Financial Limited stakeholders. Provides liquidity mechanism for rights holders during the rights issue period. Trading members need to ensure proper client communication and disclaimer compliance. The short 6-day trading window requires prompt action from interested investors.

Impact Justification

Affects specific company's rights issue trading with clear timeframes and requirements for trading members