How can I apply for the Reliance rights issue?
The Registrar and Transfer Agent (RTA) of Reliance Industries Limited will check the eligible shareholders who hold the shares of the company as on the record date – 14 May 2020 and send the rights application form electronically to the email ID mapped in their demat account. The issue will be open between May 20th and June 3rd.
The RTA will also credit the rights entitlement (RE) receivable by the shareholders to their respective demat accounts. The rights entitlement ratio is 1 (one) equity share for every 15 (fifteen) equity shares held as on the record date. In case you do not want to apply for the rights, you can sell these REs after they are credited to your demat account like you sell shares from your holdings.
SEBI has allowed the process to subscribe to the rights issue to be slightly modified during the lockdown period.
Once the issue opens on May 20th, you will be able to visit the RTA’s website and directly pay for your application from your bank account using the RTA’s payment gateway.
The RTA will collect the following details on their website:
- DP ID & Client ID
- Bank account details
Issuer: Reliance Industries Limited
Ticker: RIL IN EQUITY
Offer Size: INR 53,124 Cr / USD 7.0 Bn
Rights Price: INR 1,257/rights equity share
Payment Terms: 25% on application i.e. INR 314.25/rights equity share and balance 75% will have to be paid, on one or more subsequent calls, as determined by Company
Entitlement Ratio: 1 equity share for every 15 equity shares held on the Record Date of May 14, 2020
Trading of Rights Entitlements: Rights Entitlements credited shall be admitted for trading on the Stock Exchanges under ISIN INE002A20018
Issue Opening Date: May 20, 2020
Last Date for On Market Renunciation: May 29, 2020
Issue Closing Date: June 03, 2020
Lead Manager: Axis Capital
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To Invest in Reliance Industries Rights Issue,
You may Contact us 011-42445800 / 9650901058