Description
NSE notifies commencement of trading in Rights Entitlements of Baid Finserv Limited from November 25, 2025 in Trade to Trade segment with specific trading and renunciation periods.
Summary
National Stock Exchange has admitted Rights Entitlements (REs) of Baid Finserv Limited for trading on the Capital Market segment effective November 25, 2025. The REs will trade under symbol BAIDFIN-RE (ISIN: INE020D20014) in the Trade to Trade segment with compulsory demat for all investors. Trading members must inform clients about RE characteristics and include mandatory disclaimers in contract notes.
Key Points
- Rights Entitlements symbol: BAIDFIN-RE
- Series: BE
- ISIN: INE020D20014
- Total Rights Entitlements: 30,011,462
- Market lot size: 1
- Trading in Trade to Trade segment
- Compulsory demat for all investors
- Trading members must include disclaimer in contract notes for RE purchases
- Clients must be informed that REs are distinct from ordinary shares
Regulatory Changes
No new regulatory changes introduced. Circular issued pursuant to existing Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of RE trading
- Specify the ISIN of the RE clearly to avoid confusion with ordinary shares
- Include prominent disclaimer in contract notes/bills containing RE purchases
- Disclaimer must inform clients that:
- Purchase of REs only gives right to participate in 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 shall lapse and be extinguished after Issue Closing Date
Important Dates
- November 21, 2025: Circular issue date
- November 25, 2025: Trading of REs commences
- November 25-28, 2025: Renunciation period for Rights Entitlements
- December 01, 2025: Suspension of RE trading
Impact Assessment
Market Impact: Medium - affects existing shareholders of Baid Finserv Limited who receive rights entitlements and potential investors interested in purchasing REs during the limited trading window.
Operational Impact: Trading members must update systems to handle RE trading, implement mandatory client communication protocols, and ensure contract notes include required disclaimers. The 4-day renunciation window is relatively short, requiring prompt action from shareholders and efficient processing by trading members.
Investor Impact: Shareholders must decide within the renunciation period whether to subscribe, renounce, or allow REs to lapse. Purchase of REs does not provide ownership of shares unless subscription application with payment is completed before issue closing.
Impact Justification
Affects existing shareholders and potential investors of Baid Finserv Limited during rights issue period with specific trading window and compliance requirements for trading members