Reliance Rights Issue & Dematerialized Rights Entitlement Trading

[VenuMadhav]

@Subramanian_Nagaraja

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.

Apply one application as shareholder. Apply after the RE units are credited to your demat account.

[VenuMadhav]

@Subramanian_Nagaraja

So, please clarify whether multiple applications allowed?

We have been informed by the RTA that multiple applications are not allowed.

[VenuMadhav]

@Venkatesh_Selva

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.

File 1 application under shareholder category for 100 units. Apply after the REs get credited to your demat account.

[VenuMadhav]

@MOHIT_JOSHI

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

The letter of offer says that multiple applications are liable to get rejected.

[nirmalkg]

Hi,
I am a NRE account holder, I am able to view the Rights issue shares in my account, how can I purchase the same. I have HDFC NRO account linked to Zerodha.
Regards
Nirmal

[Austin_Devasia]

I 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??

[Kartik_Jain]

Thanks Mohit for your help, My RIL RE got credited yesterday
Had a doubt… what about dividends and stock splits and other corporate actions?
Will I be eligible for these even when my stocks are pledged?

[VenuMadhav]

@nirmalkg

how can I purchase the same.

This has already been answered, please search ‘NRI’ on this post.

[VenuMadhav]

@Austin_Devasia

I 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)

Since you were a shareholder and received allotment of REs to your demat, you’ve to select the ‘shareholder’ option not the ‘renouncee’ option.

[VenuMadhav]

@Kartik_Jain

Will I be eligible for these even when my stocks are pledged?

Yes, you’re eligible for all corporate actions for the pledged shares. Dividends get credited to your trading account.

[MOHIT_JOSHI]

@VenuMadhav please guide me… what should i do about the RIL RE i purchased in zerodha through trading

[VenuMadhav]

@MOHIT_JOSHI

please guide me… what should i do about the RIL RE i purchased in zerodha through trading

As I said, there’s no clarity yet. The letter of offer says multiple applications aren’t allowed. NSE has setup a webinar later in the evening today, I’ll update once we get clarification.

[rajesh_m]

Is it possible to pledge the new reliance shares post the right issue with 1/4 of the margin ?

[Subramanian_Nagaraja]

That means, a single consolidated application for the total entitlements, (ie) entitlement as a shareholder, and entitlement as renouncee? Is it correct?

[VenuMadhav]

@Subramanian_Nagaraja

Is it correct?

That’s correct.

[VenuMadhav]

@rajesh_m

Is it possible to pledge the new reliance shares post the right issue with 1/4 of the margin ?

We’ll have to wait until the listing happens and the Exchanges to include it in their Approved list of securities.

[gunaranjan_y]

Hi
I have received rights shares in my Zerodha acccount but when I am trying to apply in the kfintech website its not allowing me to apply saying the CDSL demat Id is not valid. Also I am unable to download the rights allotment letter with Zerodha CDSL id its says invalid client id.
How should I proceed with applying for the rights.

Thankyou.

[VenuMadhav]

@gunaranjan_y

I have received rights shares in my Zerodha acccount but when I am trying to apply in the kfintech website its not allowing me to apply saying the CDSL demat Id is not valid. Also I am unable to download the rights allotment letter with Zerodha CDSL id its says invalid client id.

DM me the client ID that you’re entering.

[Rohit4]

Hi,
My RIL shares were pledged with Zerodha on the record date. These shares were credited to my account on 20th May. I tried applying for the issue on the RTA website using the Shareholder option, but got the error “Details not exist in Record Date”

[saurabhsp]

Thanks @VenuMadhav