RIL mega rights issue is all set to open on May 20. However, this is the first time that the new launched rights entitlements (RE) will be used on such a large scale. SEBI will have to manage the rights entitlements (RE) process smoothly. As per the modified system, the RE will be credited to the respective demat accounts based on the number of shares held in the demat account on the record date. The RE can be either used to apply for the rights shares or can be surrendered by selling RE in the open market. But the big challenge will be to ensure that the RE system works to perfection as it has not really been tested before. RE trading is likely to generate a lot of interest among the 26 lakh shareholders of RIL.