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RBI Governor's Statement

Reserve Bank of India - Database "It is when the horizon is the darkest and human reason is beaten down to the ground that faith shines brightest and comes to our rescue."1

Important for Investors of RIL

Reliance Right Issue In this you can apply through following online options only. No offline option available for this.

1. Apply through asba from your bank netbanking if your bank has provided such facility
2. Through R-wap facility of Reliance / Karvy in which need to do payment through netbanking.

Reliance Right issue
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

One can also use link of RTA for applying Right issue.
RTA website Link: https://rights.kfintech.com

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 whose 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.

In case Shares are in Physical form, investors can apply only through R-WAP.

All shares allotted 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

Reliance Industries Ltd

https://twitter.com/moneycontrolcom/status/1263076756623220736?s=19

moneycontrol on Twitter “RIL | ’ first rights issue in nearly 3 decades is also by far India's biggest equity offering READ: https://t.co/3tc9hqSsqq https://t.co/w2d1McwCes”

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