Hi, I got 3 RIL-RE credited as I had 50 shares as on record date. But I sold those 3 thinking I will not go for rights issue. Then after couple of days, I changed my mind and bought 5 RIL-RE which is now in my holdings. Today I tried to go to kfintech site to complete the application process and pay by UPI, but after entering my DP id, PAN number and the OTP from email, the site showed me some error. Wonder if this is due to the selling of my first 3 RIL-REs? If I am not wrong, we have to complete this application before June 3rd, correct?
I want to renounce share right of reliance
which i have in my two diff demat account how do i do it and when i renounce do i have to add up the nos of right for both my account or shall do it seperately from individual account please advice
You can sell the REs youâve received in both these demat accounts separately (like you sell your shares held in these accounts).
Hi Mohit, I have bought RIL-RE-BE Right Entitlement being traded on exchange. What will happen to this (RIL-RE-BE) if I do not buy the Right Issue by paying 314.25 Rs per right. Thanks.
@mohitmehra @siva-reddy Hot out of the oven.
Reliance has launched a WhatsApp bot for Rights issue. https://wa.me/917977111111?text=hi
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Hi @mohitmehra ,
I had bought 180 shares about 2 months ago at zerodha (YM0634) and I am eligible for 12 reliance shares under the rights issue. I have a CDSL account as i can see in my console but when I go here ( https://rkarisma.kfintech.com/emailregistration/emailregister.aspx?q=0 ) and enter the 16 digit ID, it says incorrect ID. I also have a CDSL easi account which I made yesterday. Can you help me with this? I am regularly getting mails regarding the issue but I canât access it. If you could reply asap it would be great as the deadline is near.
Hey!
I was holding 1 RELIANCE share before and after the ex date as i am not eligible for the right share. I have bought RIL-RE-BE on 21May 2020
And it got settled yesterday now
So it is showing this.
Sir, When I tried to apply through ASBA of Federal Bank, it is asking for CAF Number. What is the CAF Number. Is it the reference Number given in the Letter of entitlement of reliance or the DP ID-Client id/Folio number given in that letter or any other number? How to find out?
@VenuMadhav Hi, I can see that you have helped someone facing a issue that i am facing. I tried messaging you but I cannot find out how to message you? Can you help me with this.
I had bought 180 shares about 2 months ago at zerodha (YM0634) and I am eligible for 12 reliance shares under the rights issue. I have a CDSL account as i can see in my console but when I go here ( https://rkarisma.kfintech.com/emailregistration/emailregister.aspx?q=0 ) and enter the 16 digit ID, it says incorrect ID. I also have a CDSL easi account which I made yesterday. Can you help me with this? I am regularly getting mails regarding the issue but I canât access it. If you could reply asap it would be great as the deadline is near.
The CAF (Composite Application Form) number should no longer be required since instead of the CAF you receive the dematerialized REs directly. The bank should have removed the requirement or made it non-mandatory on their portal. You may just enter a dummy number or reference number (after confirming with your bank). The RTA will only consider the demat account details when they are processing your rights application.
Hi Shubhransh, please check if applying through this link is working for you: https://rights.kfintech.com/apply/apply.aspx
If not, you can raise the issue with the RTA. Alternatively, you can check if your bank supports netbanking ASBA for this issue and apply through your bankâs netbanking portal.
The RTA will verify the REs in your account regardless of the category you select. However, youâll need to check the reason for this error with the RTA. In case youâre unable to get resolution, you can check if your bank supports netbanking ASBA for this issue and apply through your bankâs netbanking portal.
If you do not buy the rights shares by paying Rs. 314.25, your REs will lapse and the entire amount youâve paid for the REs will have to be marked as a loss in your books.
You should still be able to apply for the 5 REs youâve purchased. You may either seek support from the RTA for the error youâre facing or check if your bank is accepting the rights application using netbanking ASBA.
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Thanks Mohit. I will check.
Thanks Mohit I have written to them and i received an email saying that my allocation is only 10 shares. This is very confusing and i believe one of the most unclear rights issue process ever laid out by any company. I have sent a screenshot of my demat credit of 160 RE to them and now awaiting response. Kindly update as and when you have any confirmation on how to proceed.
Sir, In this regard, I sent a mail to Kfintech and I got the reply as follows:
With reference to your email, we inform you that CAF number nothing but the application number which is mentioned in the Entitlement letter as Reference No.
I thought that it may be useful to your reference also. Hence sending it to you.
You have done wonderful service to zerodha customers clarifying various points on this right issue.
God bless you.
what is the last date to pay 25% against the allocated RE?
The last date to apply is June 3rd. You may either pay the amount upfront through the RTAâs portal or if your bank allow it, you can block the funds within your account where youâll continue to earn interest normally on the blocked amount (If you choose netbanking ASBA, the funds will be blocked whenever you apply before June 3rd but they will be deducted around June 10th when the RTA finalises the basis of allotment).