How to Apply for Reliance Rights Issue?
1:15 i.e .One share for every 15 shares held
20 May, 2020 to 03 June, 2020
RE Trading Period
20 May, 2020 to 29 May, 2020
Credit of right shares
11 June, 2020
12 June, 2020
- Apply for the rights issue
- Renounce the rights i.e. Sell your rights entitlement to an interested buyer
A. How to Apply for the Reliance Rights Issue?
- Online application facility provided by Registrar
- Physical application with ASBA blocking (ASBA process)
1) Process for Online Application using the website of Registrar
a) Visit https://rights.kfintech.com. Register your email id and mobile number
b) Provide Correct DP ID, Client ID, Folio number (for shares physically held) and PAN details and all other details sought for while submitting the online Application Form by you
c) You can now apply for rights on the same website by making online payment using internet banking or UPI facility from your own bank account only.
d) Applications made by using the payment from third party bank accounts will be rejected.
After following these steps if you are still facing any issues while getting through the process, you may click here . It's a detailed version to help you through the application.
- You are requested to enable your internet banking or UPI facility of your respective bank accounts and maintain sufficient bank balance
- If you wish to renounce the right, you will have to select the category of ‘Renouncee’ at the application page of R-WAP and provide DP ID, Client ID, PAN, other required demographic details for validation along with total number of Rights Equity Shares to be applied for
2) Process to be followed by the clients for making ASBA Application (Physical Form): In case of any issues faced in the above process or otherwise, you may also apply for the rights issue in a physical mode whereby you will receive the application form on your registered email id from the registrar or can be download from https://rights.kfintech.com and submitted to your bank after filling the required details and signing.
B. Process to Renounce the rights i.e. Sell your rights entitlement to an interested buyer: You may sell your rights entitlement to any interested buyer by opting for On Market Renunciation by adhering to the following process:
- You may renounce your Rights Entitlements, credited to your respective demat accounts by trading / selling them on the secondary market platform of the Stock Exchanges through a registered stock broker.
- You will have to do so through their registered stock brokers by quoting the ISIN INE002A20018 and indicating the details of the Rights Entitlements you intend to sell. You can place order only to the extent of Rights Entitlements available in your demat account.
- The Rights Entitlements are tradable in dematerialized form only.
- The market lot for trading of Rights Entitlements is 1 (one) Rights Entitlements and shall take place only during the Renunciation Period i.e., from Wednesday, May 20, 2020 to Friday, May 29, 2020 (both days inclusive).
- The On Market Renunciation shall take place electronically on the secondary market platform of BSE and NSE under automatic order matching mechanism and on ‘T+2 rolling settlement basis’.
- The transactions will be settled on a trade-for-trade basis.
- STT at 0.05% of the value of RE is levied on the seller of the RE.
Shareholders with less than 15 shares will be given preferential allotment if they apply for one rights share.
If the shareholding of any Eligible Equity Shareholder is less than 15 equity shares or not in the multiple of 15, the fractional entitlement shall be ignored.
However, the Shareholders whose fractional entitlements are being ignored will be given preferential consideration for the allotment of 1 (one) additional Rights Equity Share each if they apply for additional Rights Equity Shares over and above their rights entitlement.
For further key highlights watch this video -
Share Market Today
|Indices Name||Price||Price Change (% change)|
|S&P ASX 200||7124.70||51.5 (0.73%)|
|CAC 40||7330.10||-14.57 (-0.2%)|
|Dow Jones||36069.64||-175.86 (-0.49%)|
|FTSE 100||7506.58||-30.7 (-0.41%)|
|Hang Seng||16645.76||-210.07 (-1.25%)|
|US Tech 100||14071.91||-226.35 (-1.58%)|
|Nikkei 225||33231.27||-200.24 (-0.6%)|
|S&P 500||4547.88||-46.75 (-1.02%)|
|Gift Nifty||20835.00||345 (1.68%)|
|Shanghai Composite||3022.91||-8.73 (-0.29%)|
|Taiwan Weighted||17421.48||-16.87 (-0.1%)|
|US 30||36079.70||-141.3 (-0.39%)|
About the Author
Accent Microcell Ltd is a 11 year old company, incorporated in the year 2012 to produce high-quality cellulose-based excipients. These excipients find application in the pharmaceutical, nutraceutical, food, cosmetic and other industries.
- Dec 04, 2023Read More
In November, sales of electric two-wheelers witnessed impressive growth, totaling just over 91,000 units. This marks a nearly 20% increase compared to the same month last year and a 22% rise from October.
- Dec 04, 2023Read More
Hindustan Unilever Ltd (HUL) is making strategic moves to enhance its competitiveness in the beauty and personal care market. Starting April 1, the company will split its beauty and personal care division into two separate entities—beauty and wellbeing (B&W) and personal care (PC).
- Dec 04, 2023Read More