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.
Renunciation of Rights Entitlements (REs) means selling or transferring your REs to another investor instead of applying for the rights shares yourself. When a rights issue is renounceable, shareholders can trade their REs on the stock exchange or transfer them off-market.
By renouncing, you give up your right to subscribe and allow someone else to apply for the rights shares, while you receive the sale value of the REs. If you do not renounce or apply before the deadline, the REs will simply lapse and become worthless.
