Renunciation

Renunciation Giving up the right to subscribe to allotted shares in a RIGHTS ISSUE or selling such rights for a consideration. A shareholder who does that is the renouncer, and the person who has got the rights from him is the renounce. Prices of renounced rights are sometimes quoted on the stock exchange. Even with the price of renunciation added, such rights shares are usually cheaper than their ruling market price

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