Reliance Industries Limited conducted a rights issue in May - June 2020 and issued rights shares at Rs. 1257 per share on a partly-paid basis. This means the company only collected a part payment of Rs. 314.25 of the Rs. 1257 when the application for rights shares was made and the remaining payment of Rs. 942.75 was to be collected at a later date in two installments.
The company collected the balance amount in two installments, once in May 2021 and later in November 2021. Following this, the partly-paid shares of Reliance were suspended for trading.
For the shareholders who failed to make first and second-call payments, the company has opened a window until September 20, 2024, to complete the payment for partly-paid shares they have and get fully paid shares of Reliance.
How to make the payment?
You can make call payment through the following modes:
- Through the website of the Registrar and Transfer agent.
- By sending a demand draft to the company at the address mentioned here.
If shareholders fail to pay the remaining amount by September 20, 2024, the company will forfeit these shares, meaning the shareholders will lose their ownership of the shares, along with any money they have already paid on them.
Shareholders making the payment for partly-paid shares also become eligible for bonus shares and shares in Jio Financial Services Limited.