What will happen to REs that are neither renounced nor subscribed by the shareholders?

If Rights Entitlements (REs) are neither subscribed to by shareholders nor renounced (sold) to another party, they lapse and become void after the issue closing date, leading to a financial loss for anyone who may have purchased those REs. The temporary REs are debited from the shareholder's demat account, and they lose any premium paid to acquire them