What will happen if Right Entitlements (REs) are purchased through on market renunciation / Off market renunciation, and no application is made for subscribing the shares / other securities offered under Right issue?

What will happen if Right Entitlements (REs) are purchased through on market renunciation / Off market renunciation, and no application is made for subscribing the shares / other securities offered under Right issue?

Those Right Entitlements (REs) will be lapsed and investor shall not get any shares.