Reliance Rights issue - sell my shares after it hit my demat account

General
1

The last date to apply for rights issue is 3rd June and 25% of ₹1247 is to be paid now and rest afterward, so suppose I make a payment and apply for the rights issue, then am I eligible to sell these shares whenever it hits my Demat account since I haven’t paid the full amount till now.

2

@mohitmehra Can you reply.

3

You’ll have to pay 25% of Rs. 1257 now and the rest will become liable to be paid when RIL calls the amount. These shares will be listed and traded separately as partly paid. You will be able to sell them and whoever is holding the shares when the calls are made will be liable to pay.

5

So according to you when I sell my shares and till now I have only paid 25% of the amount so when I sell these shares how much amount will I get, 25% of CMP?

6

The theoretical value of the partly paid shares should be higher of the following:

  1. 25% of price of ordinary RIL shares
  2. Price of ordinary RIL shares - (75% of Rs. 1257)

There could be some premium/discount on account interest rate, volatility, and liquidity in the partly-paid shares among other things.

7

Thanks for the detailed info. It cleared most of my doubts.