Description
NSE announces trading of Rights Entitlements (REs) for Capital Trust Limited from October 20, 2025 to November 06, 2025, with suspension on November 07, 2025.
Summary
NSE has notified the admission of Rights Entitlements (REs) of Capital Trust Limited for trading on the Capital Market segment. The REs will be traded under symbol CAPTRU-RE1 (ISIN: INE707C20026) from October 20, 2025 to November 06, 2025, with trading suspended from November 07, 2025. Total of 17,009,702 REs will be available for trading in the Trade to Trade segment with compulsory demat. Market lot size is 1.
Key Points
- Symbol: CAPTRU-RE1, Series: BE, ISIN: INE707C20026
- Total Rights Entitlements: 17,009,702
- Market lot size: 1
- Trading in Trade to Trade segment with compulsory demat for all investors
- Trading members must inform clients about RE commencement with ISIN details
- Disclaimer required in contract notes/bills for RE purchases
- REs not subscribed or renounced before Issue Closing Date will lapse and be extinguished
Regulatory Changes
This circular implements provisions under:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A - for admission of securities to dealings
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A - for specification of lot sizes
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of trading in REs with ISIN (INE707C20026)
- Clarify that REs shall not be mistaken for ordinary shares of Capital Trust Limited
- Include prominent disclaimer in contract notes/bills containing RE purchases stating:
- Purchase of REs only gives right to participate in the ongoing Rights Issue by making application with requisite money OR renounce REs before issue closes
- REs neither subscribed nor renounced on or before Issue Closing Date will lapse and be extinguished after Issue Closing Date
Trading Requirements:
- Securities identified only by designated codes on the system
- Trading only in specified lot sizes as per Annexure
- Compulsory demat mode for all investors
Important Dates
- October 16, 2025: Circular issued
- October 20, 2025: Trading of REs commences (effective date of circular)
- October 20 - November 06, 2025: Trading period for renunciation of Rights Entitlements
- November 07, 2025: Trading suspended; Issue Closing Date
Impact Assessment
Market Impact: Medium - affects existing shareholders of Capital Trust Limited and potential RE investors
Operational Impact:
- Trading members must update systems to recognize new security code CAPTRU-RE1
- Additional compliance burden for contract note disclaimers
- Trade to Trade settlement requires specific operational handling
Investor Impact:
- Existing shareholders receive tradable rights entitlements
- 18-day trading window for renunciation (October 20 - November 06, 2025)
- Investors purchasing REs must be aware of subscription requirements and lapse consequences
- Compulsory demat eliminates physical certificate option
Risk Considerations:
- REs will lapse if not acted upon by November 07, 2025
- Trade to Trade segment implies no intraday trading, higher settlement obligations
- Investors need clear understanding that REs are different from ordinary shares
Impact Justification
Medium importance as it affects only Capital Trust Limited shareholders and RE traders. Time-bound trading window with specific compliance requirements for trading members.