Dear All
Please find below a brief note on the application process for Reliance Rights Issue:
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The Rights issue of Reliance Industries Limited (“RIL”) will open for subscription on Wednesday May 20, 2020 and will close on Wednesday June 3, 2020.
1. The rights issue is in the ratio of 1 share for 15 shares held on the record date i.e May 14, 2020.
2. The rights issue is being done at a price of Rs 1257 per share of which 25% i.e Rs 314.25 per share is payable on application; another 25% i.e Rs 314.25 is payable in May 2021 and the balance 50% i.e Rs 628.50 is payable in November 2021. Till the shares become fully paid in November 2021, the partly paid shares will be separately traded on the stock exchanges.
3. If you hold shares of RIL on the record date, you will receive
a. the Rights entitlement in electronic form in your demat account. Hence, if you held 90 shares of RIL on the record date, you will be entitled to 6 rights shares. The “Rights entitlement” for 6 shares will be credited to your demat account with a new ISIN number.
b. the rights application form in the email ID mapped in your demat account.
4. The details of the application process are made available on the Registrar’s (Kfin Technologies earlier called Karvy) website at https://rights.kfintech.com/default.aspx.
5. When you use the above link, you will see boxes for email & mobile registration; demat account number information registration; entitlement letter download ; download application form, apply for rights issue etc. PLEASE NOTE THAT THE BOX FOR APPLY FOR RIGHTS ISSUE WILL GET ACTIVATED ON MAY 20.
6. Click on “Entitlement letter download” to download your specific entitlement letter.
7. If you wish to download an application form, click on the box reading “download application form”, fill it up and take it to your ASBA Bank on or after May 20 uptil June 3, 2020
8. Optionally, you can apply for rights electronically through the “apply for rights issue” box.
9. You can apply for additional shares.
10. You can sell your rights entitlement which are credited to your demat account as explained in 3 a) above, either through the stock market route or off-market route.
11. Application can be made only through ASBA mode or through the Registrar’s-Web based Application Platform (“R-WAP”). SEBI has by a circular of May 6, 2020 made special facility during the lockdown period by allowing the subscribers to the rights issue to visit the Registrar’s website and directly pay for the rights application from your bank account using the Registrar’s payment gateway.
12. Investors can access the Letter of Offer, the Abridged Letter of Offer and the Application Form (provided that the Eligible Equity Shareholder is eligible to subscribe for the Rights Equity Shares under applicable securities laws) from the websites of:
(i) Company at www.ril.com;
(ii) the Registrar at https://rights.kfintech.com;
(iii) the Global Co-ordinators and Lead Managers, i.e., JM Financial Limited at www.jmfl.com and Kotak Mahindra Capital Company Limited at www.investmentbank.kotak.com; and Lead Managers comprising (a) Axis Capital Limited at www.axiscapital.co.in, (b) BNP Paribas at www.bnpparibas.co.in, (c) Citigroup Global Markets India Private Limited at www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, (d) DSP Merrill Lynch Limited at www.ml-india.com, (e) Goldman Sachs (India) Securities Private Limited at www.goldmansachs.com, (f) HDFC Bank Limited at www.hdfcbank.com, (g) HSBC Securities and Capital Markets (India) Private Limited at https://www.business.hsbc.co.in/engb/in/generic/ipo-open-... (h) ICICI Securities Limited at www.icicisecurities.com, (i) IDFC Securities Limited at www.idfc.com/capital/index.htm, (j) J.P. Morgan India Private Limited at www.jpmipl.com, (k) Morgan Stanley India Company Private Limited at www.morganstanley.com/about-us/global-offices/asia-pacific/india, and (l) SBI Capital Markets Limited at www.sbicaps.com;
(iv) the Stock Exchanges at www.bseindia.com and www.nseindia.com; and
(v) the Registrar’s-Web based Application Platform R-WAP at https://rights.kfintech.com