Will the Rights Entitlements (RE) automatically show in my holdings? Can I sell them?

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Yes. Eligible REs can be viewed under My Portfolio (like regular holdings) of trading terminals. Based on this, you can apply for the issue or sell/renounce your entitlements during the trading window. 

RE Expiration: Your REs will expire on the issue closure date. It will automatically be removed from your demat account after the Registrar and Transfer Agent (RTA) completes processing applications.