M&M Financial’s Rights Entitlements (REs) will trade from May 22 to June 3. |
Mumbai: The Bombay Stock Exchange (BSE) has announced the start of trading for Rights Entitlements (REs) of Mahindra and Mahindra Financial Services Limited. This trading will begin on Thursday, May 22, 2025, and continue until Tuesday, June 3, 2025.
Rights Entitlements (REs) give current shareholders a chance to buy extra shares in the company at a set price. The REs can also be sold to others during the trading window. The trading will be done only in dematerialized form and will follow a T+1 rolling settlement system, meaning trades will be settled the next day.
The REs will be traded under the Scrip Code 750983 and Scrip ID M&MFIN-RE1, with ISIN INE774D20024. The market lot is just 1 unit, and the group is marked as R.
The Rights Issue, which is the process where these entitlements can be used to apply for shares, will be open from May 22, 2025, to June 6, 2025.
Investors must remember that REs are not regular shares. Buying an RE only gives the right to apply for shares or sell the RE before the issue ends. If the RE is not used or sold by June 6, 2025, it will expire and become worthless.
All trading members are advised to inform clients clearly and include a disclaimer in all purchase notes to avoid confusion.
