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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE- Update on Processing of ASBA applications for Rights Issue- Discontinuation of T+1 window

17-Apr-2025 | NSE/IPO/67602

NSE has issued the circular regarding Update on Processing of ASBA applications for Rights Issue-Discontinuation of T+1 window effective from 17th April, 2025.

This circular is issued in reference to the SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2025/31 dated March 11, 2025 regarding Faster Rights Issue with a flexibility of allotment to specific investor(s).

By viture of this notification, the following changes are made for the effective implementation of the above stated circular:
1. DP and PAN details are validated real time during the rights ASBA issue period and respectives changes can be done on near to real time basis. Also in case of any mismatch, either PAN or DP details can be modified.
2. Accordingly, there shall be no T+1 (T being the Closure Day of Right issue) mismatch modification session for PAN-DP mismatch.
3. Bid entry and modification/cancellation (if any) shall be allowed in parallel during the rights ASBA issue period.
4. There shall be no change in existing bulk upload file format and API structure for Rights Issues.

Kindly refer to the attached documents for more information.

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