Table of Contents
How do I participate in a rights issue?
The process of applying for a rights issue is through ASBA (Applications Supported by Blocked Amount). If your bank supports it, you can apply online just like an IPO. If not then you would have received a courier of the Composite Application Form (CAF) from RTA (Registrar and Transfer Agent) of the company.
Reliance Industries is offering the rights for 42 crore shares at a discounted rate of Rs 1,257 each. You can select how many shares you want to apply on the form. To buy these shares, you need to pay 25\% of the issue price of Rs 1,257. This amounts to Rs 314.25.
Where do I submit my right issue form?
Rights Issue forms can be submitted to the participating collection Bankers at their branches, as mentioned in the application form or in cases where there are no collection banker branches, can submit the application form along with the cheque (only non- ASBA cases) at the Registrar’s office.
Can I apply for more shares in Rights Issue?
Yes, applicants can apply for any number of additional shares but the allotment of the same will depend on shares available for apportionment and will also be in proportion to your holding, irrespective of additional shares applied by applicants.
Who can buy rights issue?
As per the release, a shareholder can buy 1 rights issue share for every 14 shares he/she holds as per record date which is set on September 28.
Who can apply for rights issue?
2. Where will I get my application form for the Rights Issue? Rights Issue application forms are sent to all such registered Shareholders, as on the record date announced by the Company.
Are all shareholders eligible to apply for Reliance Industries share issue?
All shareholders are not eligible to apply for the issue. Reliance Industries had fixed May 14, 2020 as the record date for determining shareholders’ eligibility to apply for the issue.
How do I apply for reliance rights through ASBA?
Under the ASBA services ( IPO) Click on IPO (Equity)- there you would be able to find the Reliance Rights apply button. Enter the details asked, such as your PAN, DEMAT number, select the depository ( CDSL is the depository if the DEMAT account is with Groww) and enter the number of shares you want to apply for etc.
How do I apply for reliance rights through NetBanking?
It is very similar to an IPO application. Login to your netbanking account. Look for “ e-Services” on the menu bar. Click on ‘Demat & ASBA Services’. Under the ASBA services ( IPO) Click on IPO (Equity)- there you would be able to find the Reliance Rights apply button.
What is Reliance Industries Limited rights issue date 2020?
Reliance Industries had fixed May 14, 2020 as the record date for determining shareholders’ eligibility to apply for the issue. The rights issue of Reliance Industries Limited (RIL) will be priced at Rs 1,257 per share with share ratio at 1:15 i.e,eligible shareholders are allowed to subscribe to one equity share for every fifteen shares held.