A renouncee in the rights issue process is a person receiving the rights entitlements in renunciation by paying a price for shares acquired from the seller.
A renouncee is the person buying the rights entitlements in the renunciation process of a rights issue by paying a price for the shares purchased from the seller who is not willing to subscribe to his rights.
A renouncee can apply for rights shares based on the rights entitlements in his possession but cannot apply for any additional rights shares.
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