Mumbai: The Rights Entitlements (REs) for Tirupati Tyres Limited are officially open for trading on the exchange starting Friday, April 25, 2025, and will continue until Tuesday, April 29, 2025. These REs provide existing shareholders the opportunity to either subscribe to additional shares or renounce their entitlements within the defined window.
Essential Trading Information
The REs will be traded under Scrip Code: 750971 and Scrip ID: TTIL-RE, with the ISIN INE812Q20016. Each lot consists of 1 unit, and trading falls under Group R. It’s important to note that these entitlements are available only in dematerialized form, ensuring secure and efficient transactions.
Settlement and Cautionary Notes
Trades in these REs will follow a T+1 rolling settlement and will occur on a trade-for-trade basis. It is crucial for investors to understand that these REs do not equate to actual shares. Instead, they grant the holder the right to apply for shares by paying the required application money during the Rights Issue period, which spans April 25 to May 5, 2025.
Important Disclaimer
Any REs not subscribed to or renounced by the closing date will lapse and be extinguished. Trading members must clearly inform clients about this and ensure the correct representation of REs in all communication.
