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Important Things to Know About Reliance Industries Right Issue May 21 2020Right Issue

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Important Things to Know About Reliance Industries Right Issue

From an energy giant to a telecom giant, Reliance Industries Ltd. will open itsRs. 53,125 crore right issue on 20th May 2020. As an investor, there are few things that you must know before applying for the right issue. They are as follows;

·         The record date for applying for the right issue is 14th May. If you are holding shares in the demat account on the record date, you can apply for the issue starting on 20th May and closing on 3rd June2020.

 

·         The right issue of Rs. 53,125 crore shall issue 42,26,26,894 equity shares of the face value of Rs. 10 each.

 

·         The right issue price is Rs. 1,257 per share and the company will offer 1 share for every 15 shares held by the eligible shareholders.

 

·         The existing shareholders of the company can apply for the right issue by paying just 25% of the issue amount i.e. 314.25 per share (25% of Rs. 1,257) is to be paid now. The balance amount would have to be paid in the form of two instalments in the next year in May and December.

 

·         The shareholders of Reliance Industries will receive 1 rights entitlement (RE) in the demat account for every 15 shares. The REs are temporary demat securities and will lapse if it is not exercised or renounced.

 

·         The shareholders of RIL can apply for the right issue via two online methods. The first method is using theinternet banking account or ASBA. The second method is through the RTA website. You visit the website by clicking on this link https://rights.kfintech.com/.

 

·         The purpose of the right issue is to bring down the net debt of Reliance Industries Ltd. MukeshAmbani had earlier unveiled the plan of the company to become debt-free by 2021.

For more information about the stock market, you can get in touch with Indira Securities.

 

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201
INDIRA COMMODITIES PVT. LTD. CIN : U65921MH1995PTC089399

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Manoj Bhandari. Email: complaint@indiratrade.com. Call : 0731-4797275