Issue open- 20 may
Close on - 3 June
SEBI has allowed the process to subscribe to the rights issue to be slightly modified during the lockdown period. 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
PAN
Bank account details
Right issue में apply करने के लिए RTA की वेबसाइट पर जाकर ऑनलाइन पेमेंट कर सकते है या फिर अपने बैंक में एप्पलीकेशन दे सकते है amount block करने की।
RTA की website
https://rights.kfintech.com
: Reliance Industries Limited - Rights Issue
_Issue Details_
Rights Price: INR 1,257/rights equity share
Payment Terms: 25% on application i.e. INR 314.25/rights equity share and balance INR 942.75 to be paid in two tranches - INR 314.25 in May 2020 and INR 628.50 in November 2020.
Entitlement Ratio: 1 equity share for every 15 equity shares held on the Record Date of May 14, 2020
How to participate in the Rights Issue for non-institutional investors
_Shares are in Demat form_
1. ASBA facility - Application form can be submitted in physical mode at bank branches or through Net Banking (most large banks incl. Axis, HDFC, ICICI, SBI, Kotak) have enabled application through net banking platform just like IPO application)
2. R-WAP - Registrar’s web based application platform at https://rights.kfintech.com Investors can submit the online Application Form and make online payment using their internet banking or UPI facility.
_Shares are in Physical form_
Investors can apply only through R-WAP.
All shares alloted in rights issue will be only in demat form.
_Timelines_
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
From,
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