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NSE Circular: Trading of Rights Entitlements for Indowind Energy Limited

National Stock Exchange of India Announces Trading of Rights Entitlements

Mumbai, July 24, 2024: The National Stock Exchange of India (NSE) has issued a circular regarding the trading of Rights Entitlements (REs) pursuant to the Rights Issue of Indowind Energy Limited. The circular provides details on the trading schedule, security codes, and other essential information for trading members and investors.

Trading Details

Commencement Date: July 26, 2024

Suspension Date: August 01, 2024

Trading Period for Renunciation of Rights Entitlements: July 26, 2024, to July 31, 2024

Market Lot: 1

Security Information

Symbol: INDO-RE1

Name of the Company: Indowind Energy Limited

Display Name: Indowind Energy Ltd-RE

Series: BE

ISIN: INE227G20026

Security Description: Trading of Rights Entitlement pursuant to Rights Issue

No. of Rights Entitlements: 21,454,888

Key Regulations and Instructions

In accordance with Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, the list of securities admitted to dealings and their respective lot sizes have been specified in the annexure of the circular.

Trading Members' Responsibilities:

  • Inform all clients about the commencement of trading in REs, specifying the ISIN and clarifying that REs should not be mistaken for ordinary shares.
  • Include a disclaimer in contract notes/bills indicating that the purchase of REs grants the right to participate in the ongoing Rights Issue by applying with the requisite money or renouncing the REs before the issue closes.
  • Highlight that REs not subscribed to or renounced before the Issue Closing Date will lapse and be extinguished.

This circular is effective from July 26, 2024.

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