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IPO

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?

Comments

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

IPO

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

How to subscribe to Reliance Issue entitlement through ICICI Direct?

Comments

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

Equity

Community User Posted on 12:57pm 13-May-2020

Is subscription date has not been announced yet for right issue of Reliance Industries ?

Comments

Personal Finance

Community User Posted on 03:01pm 11-May-2020

About Sovereign Gold Bonds SGB by Reserve Bank of India RBI which is currently available

Comments

ICICIdirect Executive Thank you for the query. We would like to inform you that Sovereign Gold Bonds (SGBs) 2020-21 Series II is open for subscription from today, Monday, May 11, 2020, to May 15, 2020.

Issue Price: Nominal value of the Bonds shall be fixed in Indian Rupees on the basis of a simple average of the closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the last three business days of the week preceding the subscription period. The issue price of the Gold Bonds will be Rs. 50 per gram less than the nominal value to those investors applying online and the payment against the application is paid through digital mode.

The Issue price for the current tranche is Rs. 4590/gm – Rs. 50/gm = Rs. 4540/gm

Maturity: 8 years with exit option from 5th year to be exercised on the interest payment dates. These bonds shall be traded on exchanges.

Subscription limits: Minimum 1 grams of gold, Maximum- 4000 grams (4kgs) of gold per person in a fiscal year (April- March). Available in units of one gram of gold & multiples thereof.

Taxation: Capital gain tax arising on redemption of SGBs to an individual has been exempted.

If sold in secondary market before maturity, capital gains will taxed @ of 20% with indexation if sold on or after 3 years and would be subject to marginal tax rate if sold before 3 year.

Interest: 2.50% fixed per annum payable semi-annually

To subscribe to Sovereign Gold Bond, follow the below steps:

Log into your account > Trade & Invest > IPO/FPO/BUYBACK > (scroll down) FD/BONDS PLACE ORDER > Click on Apply from the Action column against the Sovereign Gold Bond.

Product note, Terms & Condition of the issue can be viewed from the same section.
03:24pm 11-May-2020

Equity

Community User Posted on 02:53pm 11-May-2020

How to subscribe to rights issue of Reliance ?

Comments

ICICIdirect Executive Thank you for the query. We would like to inform you that you that the Reliance Industries Limited Rights issue offer shall be enabled online on our ICICIdirect portal. Request you to wait for further details in due course.

Record Date: 14th May 2020
Rights Ratio: 1:15
Rights Issue Per Share Price: Rs 1257
Eligibility Criteria: Shareholders having RIL shares in their Demat account as on RD Date
03:29pm 11-May-2020
Community User Hi,
Is there an update to this question? What is the last date to apply?
12:38pm 13-May-2020
ICICIdirect Executive @Geetadel - Thank you for the query. We would like to inform you that the Reliance Industries limited had informed the stock exchange that the Rights Issue Committee constituted by the Board of Directors of the Company has, at its meeting held today (May 09, 2020), fixed Thursday, May 14, 2020 as the Record Date for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the rights issue.

The rights issue opening and closing dates is not announced.

For more details, refer the below link:
https://www.bseindia.com/xml-data/corpfiling/AttachHis/2739bb07-c43c-4e52-ad84-1156cd22b3dc.pdf

For Synopsis of Rights Issue of Reliance Industries Limited, click on the below link:
https://www.bseindia.com/xml-data/corpfiling/AttachLive/C416814A-BBC9-4E16-BB9E-30A4D7E5BB35-102302.pdf
03:19pm 13-May-2020
Community User Where will it show up ? under IPO section ?
04:30pm 13-May-2020
ICICIdirect Executive @KOUSHIK SINHAROY - Thank you for the query. We would like to inform you that when the rights issue subscription opens you can follow the below steps to apply for the Reliance Industries limited rights issue.

Log into your account > Trade & Invest > IPO/FPO/BUYBACK.

Please note, the rights issue open date has not been declared.
12:13pm 14-May-2020
Community User RT issue will be opened on 20 may 2020 and will be closed on 03 june 2020
11:59am 17-May-2020

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

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

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

How to subscribe to Reliance Issue entitlement through ICICI Direct?

Community User Posted on 12:57pm 13-May-2020

Is subscription date has not been announced yet for right issue of Reliance Industries ?

Community User Posted on 03:01pm 11-May-2020

About Sovereign Gold Bonds SGB by Reserve Bank of India RBI which is currently available

Community User Posted on 02:53pm 11-May-2020

How to subscribe to rights issue of Reliance ?

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

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

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

How to subscribe to Reliance Issue entitlement through ICICI Direct?

Community User Posted on 12:57pm 13-May-2020

Is subscription date has not been announced yet for right issue of Reliance Industries ?

Community User Posted on 03:01pm 11-May-2020

About Sovereign Gold Bonds SGB by Reserve Bank of India RBI which is currently available

Community User Posted on 02:53pm 11-May-2020

How to subscribe to rights issue of Reliance ?

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