The Registrar and Transfer Agent (RTA) of Reliance Industries Limited will
check the eligible shareholders who hold the shares of the company as on
the record date (14 May 2020).
If you hold shares of Reliance on the record date, you will electronically receive the rights application form in the email ID mapped in your Demat account. The details of the application process will be made available on the RTA's website which would entail using your bank's net banking portal. You can check how the rights application process normally works in this article.
SEBI has allowed the process to subscribe to the rights issue to be slightly modified during the lockdown period. You will be able to visit the RTA's website and directly pay for your application from your bank account using the RTA's payment gateway. The RTA will collect the following details on their website: 3DP ID & Client ID - You can find your DP ID and the Beneficiary number under the profile section of the Console. PAN Bank account details
The RTA will also credit the rights entitlement receivable by the shareholders to their respective Demat accounts. The rights entitlement the ratio is 1 (one) equity share for every 15 (fifteen) equity shares held as on the record date.
Note: In case you have pledged your shares for margin and the shares are not in your Demat account, you will need to unpledged your holdings from Console. All unpledged requests received before 2:00 pm shall be processed the same day and stocks will be credited to your Demat account on T+1 day. Failure to unpledged stocks on time may render you ineligible for the respective corporate action.
Reliance has been a multi-bagger stock but it was in a deep slumber for quite a number of years and in this Corona times, it is better to stick with intraday share tips or bank nifty index option and make money within flat 2 hours of the day and you are out of the market generally by 11 AM every day.
If you hold shares of Reliance on the record date, you will electronically receive the rights application form in the email ID mapped in your Demat account. The details of the application process will be made available on the RTA's website which would entail using your bank's net banking portal. You can check how the rights application process normally works in this article.
SEBI has allowed the process to subscribe to the rights issue to be slightly modified during the lockdown period. You will be able to visit the RTA's website and directly pay for your application from your bank account using the RTA's payment gateway. The RTA will collect the following details on their website: 3DP ID & Client ID - You can find your DP ID and the Beneficiary number under the profile section of the Console. PAN Bank account details
The RTA will also credit the rights entitlement receivable by the shareholders to their respective Demat accounts. The rights entitlement the ratio is 1 (one) equity share for every 15 (fifteen) equity shares held as on the record date.
Note: In case you have pledged your shares for margin and the shares are not in your Demat account, you will need to unpledged your holdings from Console. All unpledged requests received before 2:00 pm shall be processed the same day and stocks will be credited to your Demat account on T+1 day. Failure to unpledged stocks on time may render you ineligible for the respective corporate action.
Reliance has been a multi-bagger stock but it was in a deep slumber for quite a number of years and in this Corona times, it is better to stick with intraday share tips or bank nifty index option and make money within flat 2 hours of the day and you are out of the market generally by 11 AM every day.
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