Description
NSE announces trading of rights entitlements for Praxis Home Retail Limited effective August 7, 2025 with specific trading period and compliance requirements.
Summary
NSE has notified the commencement of trading in Rights Entitlements (REs) for Praxis Home Retail Limited with effect from August 7, 2025. The REs will trade under symbol PRAXIS-RE2 in the Trade to Trade segment with compulsory demat requirement for all investors.
Key Points
- Rights Entitlements trading symbol: PRAXIS-RE2
- ISIN: INE546Y20030
- Total Rights Entitlements: 49,566,745
- Market lot: 1
- Trading in Trade to Trade segment with compulsory demat
- Trading members must inform clients about RE trading commencement
- Disclaimer required in contract notes for RE purchases
Regulatory Changes
Admission of Rights Entitlements to NSE Capital Market segment under existing trading regulations Part A, Regulation 3.1.1 and 2.5.5.
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading
- Must mention ISIN of RE and clarify these are not ordinary shares
- Mandatory disclaimer in contract notes explaining RE purchase rights
- Must inform clients that unpurchased/unrenounced REs will lapse after issue closing date
Important Dates
- Trading commencement: August 7, 2025
- Renunciation period: August 7, 2025 to August 12, 2025
- Trading suspension: August 13, 2025
- Circular effective: August 7, 2025
Impact Assessment
Medium impact limited to Praxis Home Retail Limited shareholders and investors interested in rights issue participation. Creates temporary trading opportunity for rights entitlements with specific compliance obligations for trading members.
Impact Justification
Affects specific company's rights issue trading with clear timelines and compliance requirements