Current RIL PP CMP is 1208.05 and one still owes two installment …314.25 and 628.5 ( I assume one installment is already paid ) so if I buy now …total value as of now is 2231.75
But Actual RIL CMP is 2146.15
Why there is a difference of almost 100 Rs. is it because we are getting at installment without any interest?
@adhyayanneg great explanation!!
Could you please entertain the below question aswell,
I got the Reliance PP @1395, If I keep these shares, will I still be liable to pay the remaining installment due in May (314.25) and November 2021 (628.5) or will I still be required to pay the remaining 950.
Appreciate your response!!
BR,
Manu
If you’re holding the Reliance PP shares when the call for payment is made, you’ll be liable to pay the installment amount.
Yes, basically the situation is such that you can look at the Reliance PP as a Future share. which basically means Reliance PP is a reliance share but can be bought on margin without actual leverage or interest payments etc. hence the higher inherent value right now. I would think the gap will reduce closer to the call for payments. May 2021 and Dec 2021 it will tend to 0.
Br,
Andy
yep, you will be liable to pay the remaining amounts when called for. or you could sell your rights shares before the call and then be clear of liability to pay the installments.
Br,
andy
A) I bought reliance PP shares @1268 per share, how much would I have to pay as the 1st installment in May 2021 and Nov 2021? PLEASE HELP!
B) Can I sell off my Reliance PP shares aftet May2021 once the first installment is paid?
The rights shares were issued at Rs. 1257 and partly-paid shares are paid upto Rs. 314.25. Depending on company, if they decide to make only one and final call, you’ll have to pay Rs. 942.75, this will be less if company decides to make more than one call.
Yes, you’ll be able to sell the shares.
Great Explanation. Could you clarify below?
I hold Reliance PP shares at price 1027.
Say, I decided to hold the shares and I pay the second installment in May 2021 (i.e. 314.25 per share). As the PP shares can still be traded post the second installment, What would be the PP share price post May? Will it be the same as the closing price of last traded price before trading is stopped.
I did not apply for the Right issue in June, But I have purchased Reliance PP shares recently and it has been suspended today. Am I eligible to pay the 2nd & 3rd installment?
Yes, you’re eligible to make the payment. You can check more details on this here: First Call on Reliance Partly-paid Shares
Yep if you still hold it on 12th May you will be on record to pay for the shares.
if you do not pay for the share you will be forfeiting them.
If I don’t pay the call money. my shares will be forfeited & will b worthless n don’t trade on exchange & I may levy interest on the amount I owe. but will I get the same quantity of NEW pp shares with a different ISIN? If I received the new ISIN pp shares, When Can I sell it?
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If you fail to make the payment, you won’t get any shares. If you make the call payment, you’ll be alloted shares equal to the quantity you hold.
Once the shares are listed in the exchanges, you can sell them whenever you want to.
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Hi,
If eligible for this. Will I be paying 314.25 per share for the 2nd installment & 628.5 for the 3rd installment which sums up to 942.75? How does it work in this case If I have missed the 1st installment which was in June 2020
Right.
It is already paid for by the shareholder who would’ve sold his/her shares.
I’m an eligible shareholder of Reliance PP shares. I’m facing these issues:-
1)I’ve recently moved to Kenya, Africa and cheque book is in India
2)My Airtel Indian sim has a network issue and I’m unable to receive any Otp.
Please help me, how do I pay for the First Call
Check this link… i think UPI should work. check out this link https://rights.kfintech.com/callmoney/
I’m not receiving otp as I’m outside country
As per the final call of this, when will the fully paid shares of RIL show up in my holdings ? @ShubhS9
The shares will be allotted withing 2 to 3 weeks after the last date of payment. The payment window closed on 29th November. You can check out more details here: Second and final call on Reliance Partly-paid Shares