Description
NSE announces trading of rights entitlements for Indowind Energy Limited starting December 01, 2025, with trading period from December 01-04, 2025.
Summary
NSE has admitted Rights Entitlements (REs) of Indowind Energy Limited for trading on the Capital Market segment with effect from December 01, 2025. The rights entitlements will trade under symbol INDO-RE2 in the Trade to Trade segment with compulsory demat for all investors. A total of 32,171,921 rights entitlements will be available for trading during the renunciation period.
Key Points
- Symbol: INDO-RE2 (Indowind Energy Limited - RE)
- ISIN: INE227G20034
- Series: BE (Trade to Trade)
- Number of Rights Entitlements: 32,171,921
- Market Lot: 1
- Trading in compulsory demat mode for all investors
- Trading members must inform clients about commencement of RE trading
- Disclaimer required in contract notes for RE purchases
- REs that are neither subscribed nor renounced will lapse after issue closing date
Regulatory Changes
No regulatory changes introduced. This circular is issued in pursuance of existing regulations:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of RE trading with ISIN details
- Clarify that REs are not ordinary shares of the company
- Include prominent disclaimer in contract notes/bills containing RE purchases
- Disclaimer must inform clients that:
- Purchase of REs gives right to participate in ongoing rights issue by making application with requisite money OR renounce REs before issue closes
- Unsubscribed and unrenounced REs will lapse and be extinguished after issue closing date
For Investors:
- REs must be held in demat form (compulsory demat)
- Trading only in Trade to Trade segment
Important Dates
- Effective Date of Circular: December 01, 2025
- Trading Commencement: December 01, 2025
- Renunciation Trading Period: December 01, 2025 to December 04, 2025 (4 days)
- Date of Suspension: December 05, 2025
- Issue Closing Date: December 04, 2025 (implied - last date to subscribe or renounce)
Impact Assessment
Market Impact: Medium - Limited to shareholders of Indowind Energy Limited who wish to renounce their rights entitlements. The short 4-day trading window provides limited time for renunciation trading.
Investor Impact: Shareholders of Indowind Energy Limited can trade their rights entitlements during the specified period. Those purchasing REs in the market gain the right to participate in the rights issue or renounce further.
Operational Impact: Trading members need to ensure proper client communication and inclusion of mandatory disclaimers in contract notes to avoid confusion between REs and ordinary shares.
Impact Justification
Medium importance as it affects only shareholders of Indowind Energy Limited participating in rights issue. Limited 4-day trading window for renunciation of rights entitlements.