Reliance Rights Issue & Dematerialized Rights Entitlement Trading

General
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You can place one consolidated order for all the REs purchased.

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You may have received the right entitlements. These are temporary securities which you’ll need to keep in your account if you want to apply for the rights shares. Alternatively, you can sell these securities like you sell shares in case you don’t want to apply. These securities can be traded till May 29th and will be locked-in for the remaining issue period till June 3rd. Thereafter, these will lapse on allotment of the rights shares.

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I prepared a video over this. may this help to others.

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P.S: There’s an update, we’re informed by the RTA that if the shareholder has received credit of REs and has also bought REs in the secondary markets, then the investor will have to select any one of the option and apply for the additional Rights shares. Note that you will have to wait until you receive credit of the units of RE bought from the secondary market to your demat account before you can apply.

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If you’re holding an RE, you’ll get the shares subject to you making payments whenever it’s called for.

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Hello Mohit, I have tried updating details on RTA site, After updating all details and also they credited 1 Rs. in my account, it gives an error saying third party validation failed. any clue what can be done, thanks.

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@VenuMadhav please guide me as i have applied through RTA for RE initially for the RE alloted to me. Now i have purchased another 20 RE and want to apply again as a renouncee but RTA is not allowing saying payment is already done.

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You’ve to select these 3 options and apply at once:

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ALL 3 selection not allowed wnen i select 1st automaticaaly 3rd gets deselected and vice versa…

Also i have already applied once for alloted RE now i want to apply for RE i purchased through trading @VenuMadhav

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There’s a lot of confusion, we’re speaking to the RTA. You will have to wait until the REs you purchased get credited to your demat account

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This is the information we’re able to get from the RTA - select the shareholder option and apply for the sum of quantities received from Reliance and the units bought in the secondary market.

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Hi Mohit, I have 145 shares of Reliance which I have pledged. To make it round number, I purchased 5 more shares before the record date for rights. I received a mail from RIL saying that I am having only 5 shares and so am not eligible. I have so far not seen the RE from Zerodha. Can you please clarify if I will get 10 shares RE?

Thanks

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@VenuMadhav what if i have already applied and want to apply again for the remanining purchased RE. RTA is not allowing me

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Hi i have Reliance shares pledged with Zerodha and would like to buy and hold the shares I am getting as parts of the rights issue. I haven’t got a mail from CDSl regarding the rights issue. How do I bid for the shares?

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Kindly clarify to this layman for below query please
Im holding 105 shares of Reliance and today got to see RIL RE BE in holdings as 7 quantities
Applied for the same using the link above mentioned

  1. Didnt opt for 'I am renouncee and hold rights entitlement in valid demat account and undertake to hold RE issue till closing date (ie June3 2020)
    So what will be the consequences.
    Even though Im only eligible for 7, I applied for 28
    If allotted 28, when I have to pay the balance amount and how?
  2. As Im eligible for 7 rights at price of 1257
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Sir, I got Reliance rights of 168 shares in zerodha account as a shareholder. Now If I buy few renounced shares, please inform whether I should apply two application (a) One as a share holder and (b) another as a renouncee.

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In net banking, in some banks site, there is restriction in the maximum amount to be transferred. So, if we have 1000-1500 renounced shares, necessarily we have to apply for these shares more than one application.
Also, people tend to buy renounced rights on different dates, and apply for the same on different dates.

So, please clarify whether multiple applications allowed?

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Hi @mohitmehra I bought 50 RIL- RE in one buy and another 50 in a different buy. Can I apply for 100 rights share in 1 go or do I need to have 2 applications? Pls help.

Thanks.

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The REs for the pledged units have been transferred to your account. You can buy from this link https://rights.kfintech.com/

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If you’ve subscribed over and above what you’re eligible for, the allotment will be made only if the issue doesn’t get a full subscription. If it does, you wouldn’t receive additional 21 shares that you’ve applied for. Balance amount will be called for later, there will be an announcement from Reliance.