Reliance Rights Issue & Dematerialized Rights Entitlement Trading

Could you try using this link? https://rights.kfintech.com/apply/apply.aspx

You can contact the RTA if this doesn’t work for you.

Pardon my ignorance but can you please explain what below 2 checkboxes mean in that link and which one should I check? I see that I can select only one of them.

I am a shareholder as on Record Date and undertake to hold RE till issue closing date

I am renouncee and hold rights entitlement in valid demat account and undertake to hold RE till issue closing date (i.e. June 3, 2020)

Select this if you have received REs because you held RIL as on the record date.

Select this if you have purchased REs from the secondary market or have received it from your stockbroker since you had pledged your shares/sold your shares on ex-date.

Well I have been holding some number of shares(of course more than 15 and since before 14th) through Zerodha but haven’t got any communication of REs. I checked my DMAT account as well and I don’t see any REs in there as well.
Can you help guide whom can I contact about this?

I have 240 shares of RIL-RE in my zerodha demat account, I will pay 314*240 to exercise the rights on June 1st or 2nd.

If they allot me 240 shares , is it possible to sell it once they listed on June 12th or i have to wait for one year? Kindly clarify

Hi Mohit, made a naive mistake. I am allotted 18 rights issues, but I paid for and selected only 14 in the hush hush. God know why? :slightly_smiling_face: Now when I am trying to apply for the remaining 4, this box pops up. Could you please guide what should I do and how to get and pay for the remaining 4?
Thanks and regards,

Hi Mohit, made a mistake while paying for the assigned rights allotted to me. it was 18, but by mistake and in a hush hush I paid for 14. I know it’s stupid but yeah, it happened. Now, how do I get to pay for the remaining allotter 4? And what should I be careful of?
Thanks and regards,

I have bought RIL RE shares and I do not hold any RIL shares. What options do I have now?

You can select yes and proceed. The RTA will consider this application for allotment since you have the REs in your demat account.

You can either apply for the rights shares or you can let the REs lapse by not undertaking any action. Letting the REs lapse means the premium you’ve paid to buy the REs will be lost.

can anyone advise on this?

Thanks in advance

You can sell them when they are listed

Hi Mohit, I owned about 14 shares of RIL on May 14. So not eligible for RE entitlement. I have bought 300 Shares of RIL-RE on zerodha. Now I am trying to enter infor in the Kfintech website. I have selected “I am renouncee and hold rights entitlement in valid demat account and undertake to hold RE till issue closing date (i.e. June 3, 2020)”.
When I click submit it pops up saying “Alert ! Not a renoucee - select share holder on record date” Why is this happening ? Should I select I am share holder on record data and proceed.

If I apply for rights shares, that means will I have RIL shares by the end of November 2021?

I have a Zerodha trading account linked with IDFC Bank account. In the Reliance rights email sent by RTA there is lot of complication regarding 3rd party bank account.
Unfortunately R-WAP does not support IDFC as net banking and I don’t have a UPI id.

Can I make an application using my own AXIS or ICICI Bank account which is not linked to the Demat account and be safe on the 3rd party rules.
Another problem is DEMAT name is slightly different from my IDFC or AXIS OR ICICI Bank name. The middle name has an additional “bhai” at the end.

Which mode will be safer for me ? To make payment from non-demat linked bank account on R-WAP or create a UPI id or ASBA from non-demat linked bank account ?

hi people

  • I have purchased RELIANCE-RE of 30 quantity from zerodha on MAY-29th ,
    when i go and check to apply for RE, number of shares entitled are appearing as zero is this expected?
  • should i go and buy 30 shares by adding in Total No. of shares applied for

The RTA has been asking investors to proceed by selecting shareholder. They will just check if the 300 REs are in your account before allotting.

The RTA is not reconciling the data for REs purchased in real-time. They will just check once at the end of the issue when they are performing the allotment. You can go ahead and apply for the 30 shares.

Hi Mohit, If the RIL-RE-BEs were not sold before 29th May 2020 and if we could not apply for the RIL shares then what will happen to the REs and will the money be paid back?

You will receive the partly-paid shares around June 11th and they will list and trade on the exchanges from June 12th. The company has just indicated that in May 2021 and November 2021 they will call rest of amount. After November 2021, these will become ordinary shares of Reliance.