Renunciation of Right Issue


(Guest)

 

Is this mean the "Right" can be give up / transferred to any other person??

Let's say "A" shareholder got rights and transferred to Non-shareholder "B" and now "B" became a shareholder of that company

If YES, Is this like a BACKDOOR of IPO/FPO/B not purchased shares in stock market to become shareholder? So companies can skip regulations of public issues?