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Community User Posted on 03:37pm 20-May-2020

How to subscribe to Reliance Issue entitlement through ICICI Direct?

  • ICICIdirect Executive Thank you for the query. We would like to inform you that the path to apply for Reliance rights issue is as below:

    Login ICICI Direct account >> Trade & Invest >> IPO >> Place Order >> Select Rights Issue for order placement

    Rights issue of Reliance Industries Limited:

    Issue Opening Date: May 20, 2020
    Issue Closing Date: June 03, 2020

    Principle terms of the issue:

    Face Value: 10 per Equity share.

    Issue Price : Each Equity Share is being offered at a price of 1,257 per Equity Share (including a premium of 1,247 per Rights Equity Share) in the Issue.

    Payment Schedule : 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

    Record Date: Thursday, May 14, 2020. Any person who hold Reliance Industries Limited shares in the demat account as on the record date is eligible for applying the shares in the rights issue.

    Rights Entitlement Ratio: The Equity Shares are being offered on a rights basis to the Eligible Equity Shareholders in the ratio of 1 (One) Equity Shares for every 15 (Fifteen) fully paid-up Equity Shares held on the Record Date.

    Issue Schedule:

    Issue Opening Date: May 20, 2020
    Issue Closing Date: June 3, 2020
    Last date for market renunciation: May 29, 2020
    Date of Allotment (on or about): June 10, 2020
    Date of credit (on or about): June 11, 2020
    Date of listing (on or about): June 12, 2020

    For more details, please refer to the letter of offer dated May 15, 2020.

    04:19pm 20-May-2020