Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Yes, you can sell Rights Entitlements (REs) if the rights issue is renounceable. REs are tradable on the stock exchange for a limited period specified in the Letter of Offer.
If you do not wish to apply for the rights issue, you can sell (renounce) your REs just like normal shares, though trading is delivery-only and intraday trading is not allowed. The sale must be completed within the RE trading window; otherwise, the entitlements will lapse and become worthless.
In most cases, selling REs is better than taking no action, as it allows you to realise value instead of letting the entitlement expire.
