Description
NSE circular announcing trading of rights entitlements for Jtekt India Limited from August 4-7, 2025.
Summary
NSE has announced the commencement of trading in Rights Entitlements (REs) for Jtekt India Limited from August 4, 2025. The rights entitlements will trade under symbol JTEKT-RE with ISIN INE643A20019, allowing shareholders to trade their rights to participate in the company’s rights issue.
Key Points
- Rights Entitlements symbol: JTEKT-RE
- ISIN: INE643A20019
- Total Rights Entitlements: 23,116,407
- Trading in Trade to Trade segment with compulsory demat
- Market lot size: 1
- Trading members must inform clients about RE trading and include disclaimers
Regulatory Changes
No regulatory changes announced. This is implementation of existing regulations for rights entitlements trading.
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading
- Contract notes must include prominent disclaimer explaining that REs only provide right to participate in rights issue
- Members must clarify that REs should not be mistaken for ordinary shares
- Clients must be informed that unsubscribed/unrenounced REs will lapse after issue closing date
Important Dates
- Trading commencement: August 4, 2025
- Renunciation period: August 4-7, 2025
- Trading suspension: August 8, 2025
- Circular effective date: August 4, 2025
Impact Assessment
Medium impact for Jtekt India shareholders who can now trade their rights entitlements instead of only subscribing or allowing them to lapse. Provides liquidity and flexibility for rights issue participation. Trading members need to ensure proper client communication and disclaimer procedures.
Impact Justification
Rights entitlements trading affects existing shareholders' rights to participate in rights issue