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:
1. DP ID & Client ID
3. Bank account details
Are you wandering here and there to find out what are the best stocks to buy in India for the short-term 2021? well, we got your back for that. With ...Read More
With reference to the SEBI circular dated 20th July 2020, Peak Margin has been introduced in the Equity, Commodity & Currency segment from 1st December 2020. W.e.f 1st June 2021, there ...Read More
The private placement of Tata Motors comes with a coupon of 9.10 percent. The private placement of Tata Motors Finance Ltd (TMFL) comes with a coupon of 9.10 percent. The private placement of ...Read More