SEBI streamlines process of trading in Right Entitlements on exchange platform

Capital markets regulator SEBI on Thursday streamlined the process of rights issue pertaining to minimum time period between closure of trading in Right Entitlements (RE) on stock exchange platform and closure of such issue.

Under the new framework, trading in REs on the secondary market platform of stock exchanges will commence along with the opening of the issue and will be closed at least three days prior to the closure of the rights issue, according to a circular.