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Community User Posted on 03:41pm 20-May-2020

How to renounce rights for RIL rights issue from ICICI Direct?

 I can see only the option to subscribe, any option to sell rights?

  • ICICIdirect Executive Thank you for the query. We would like to inform you that to renounce the Rights Entitlements, received to eligible shareholders in respective demat accounts is tradable on the exchange under normal settlement similar to the equity segment till May 29, 2020.

    Details for the renunciation:

    Company Name: RELIANCE INDUSTRIES LIMITED - REs
    ISIN: INE002A20018
    Trading Start on: 20th May, 2020
    Trading End on: 29th May, 2020
    Rate: Based on the bid and offer price on the exchange
    Settlement: Trade for Trade segment T+2 day basis
    Product: Only Delivery based Cash Buy and Sell is allowed

    For more details relating to the rights issue, request you to refer to the letter of offer dated May 15, 2020.

    04:04pm 20-May-2020

  • Community User Right price per share is 1247, but at ICICi direct, thy are asking to pay around 314, what about the difference price.?

    06:07pm 20-May-2020

  • Community User should one buy rights from the market? what is the last date on which these can be bought

    09:28am 21-May-2020

  • ICICIdirect Executive @DILIP KUMAR JHA - Thank you for the query. We would like to inform you that the payment Schedule is 314.25 i.e. 25% of the issue price is payable on application. The balance 942.75 per Rights Equity Share which constitutes 75% of the Issue Price shall be payable as follows:

    > 314.25 i.e. 25% in May 2021; and
    > 628.50 i.e. the balance 50% in November 2021

    For more details, click in the below link:
    https://community.icicidirect.com/hi-how-to-subscribe-to-reliance-issue-entitlement-through-icici-direct--2

    10:52am 21-May-2020

  • ICICIdirect Executive @RUSHDELH - Thank you for the query. We would like to inform you that the last date for market renunciation is May 29, 2020.

    10:57am 21-May-2020