What is the difference between: I am a shareholder as on Record Date and undertake to hold RE till issue closing date and I am renouncee and hold rights entitlement in valid demat account to hold RE till issue closing date. Which option must be chosen?

• When purchasing REs from the secondary market, it means acquiring them from someone who is renouncing their right. The seller is the renouncer, while the buyer becomes the renouncee.
• Existing Shareholder:To qualify as an eligible investor and select the share-holder option, one needs to have held at least X number of shares as of the record date. The I am a shareholder as on.. option must be chosen in this case.