Reliance Industries Limited - Rights Issue - How to participate

Reliance Industries Limited - Rights Issue - How to participate

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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 2021 and INR 628.50 in November 2021.

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

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