Q) Where do I see my Reliance right issue equity form?
We need to go the website
https://rights.kfintech.com/entitlement.aspx
We need to select the holding
- Physical
- NSDL
- CDSL
1. Physical
We need to enter these details and submit
Enter the folio number & captcha
2. NSDL Accounts
We need to enter data and then submit
NSDL DPID
NSDL Client ID
CAPTCHA
3. CDSL
Enter data and submit
CDSL Client Id & Captcha
Q) I have received SMS from DP what does it mean?
It is information that how many shares you are eligible in right issue.
Q) When does the issue open & Close?
ISSUE OPENING DATE Wednesday, May 20, 2020
LAST DATE FOR ON MARKET RENUNCIATION* Friday, May 29, 2020
ISSUE CLOSING DATE Wednesday, June 3, 2020
FINALISATION OF BASIS OF ALLOTMENT (ON OR ABOUT) Wednesday, June 10, 2020
DATE OF ALLOTMENT (ON OR ABOUT) Wednesday, June 10, 2020
DATE OF CREDIT (ON OR ABOUT) Thursday, June 11, 2020
DATE OF LISTING (ON OR ABOUT) Friday, June 12, 2020
RATIO : 1 right share for every 15 shares held.
Issue Price : ₹ 1,257 per Rights Equity Share (including a premium of ₹ 1,247 per Rights Equity Share) On Application, Investors will have to pay ₹ 314.25 per Rights Equity Share, which constitutes 25% of the Issue Price and the balance ₹ 942.75 per Rights Equity Share which constitutes 75% of the Issue Price, will have to be paid, one or more subsequent Call(s), as determined by the Board of the Company at its sole discretion, from time to time
Q) If I need to apply for additional shares, what do I have to do?
In the form there would be column where we can apply more quantity and pay the money accordingly.
We apply total quantity where we can apply eligible and additional shares
Q) How will I make payment for my right issues?
Resident individuals can apply for Rights Issue and pay using Net banking & UPI
In accordance with SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2020/78 dated May 6, 2020, a separate web based application platform, i.e., the R-WAP facility (accessible at https://rights.kfintech.com), has been instituted for making an Application in the Issue by resident Investors. Further, R-WAP is only an additional option and not a replacement of the ASBA process. On R-WAP, the resident Investors can access and fill the Application Form in electronic mode and make online payment using the internet banking or UPI facility from their own bank account thereat.
Please find below the procedure for making an application through R-WAP: (a) Resident Investors should visit R-WAP (accessible at https://rights.kfintech.com) and fill the online Application Form available on R-WAP in electronic mode. Please ensure to provide correct DP ID, Client ID, Folio number (only for resident Eligible Equity Shareholders, who hold Equity Shares in physical form as on Record Date), PAN details and all other details sought for while submitting the online Application Form.
Q) If I have to renounce my right issue what do I have to do?
On Market Renunciation -The Investors may renounce the Rights Entitlements, credited to their respective demat accounts by trading/selling them on the secondary market platform of the Stock Exchanges through a registered stock broker in the same manner as the existing Equity Shares of the Company. “Off Market Renunciation”
The Rights Entitlements are tradable in dematerialized form only. The market lot for trading of Rights Entitlements is 1 (one) Rights Entitlements. The On Market Renunciation shall take place only during the Renunciation Period for On Market Renunciation, i.e., from Wednesday, May 20, 2020 to Friday, May 29, 2020 (both days inclusive).
The Investors holding the Rights Entitlements who desire to sell their Rights Entitlements will have to do so through their registered stock brokers by quoting the ISIN INE002A20018 and indicating the details of the Rights Entitlements they intend to sell. The Investors can place order for sale of Rights Entitlements only to the extent of Rights Entitlements available in their demat account. The On Market Renunciation shall take place electronically on secondary market platform of BSE and NSE under automatic order matching mechanism and on ‘T+2 rolling settlement basis’, where ‘T’ refers to the date of trading. The transactions will be settled on trade-for-trade basis. Upon execution of the order, the stock broker will issue a contract note in accordance with the requirements of the Stock Exchanges and the SEBI.
Off Market Renunciation -The Investors may renounce the Rights Entitlements, credited to their respective demat accounts by way of an off-market transfer through a depository participant. The Rights Entitlements can be transferred in dematerialised form only. Eligible Equity Shareholders are requested to ensure that renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the Renouncees on or prior to the Issue Closing Date. The Investors holding the Rights Entitlements who desire to transfer their Rights Entitlements will have to do so through their depository participant by issuing a delivery instruction slip quoting the ISIN INE002A20018, the details of the buyer and the details of the Rights Entitlements they intend to transfer. The buyer of the Rights Entitlements (unless already having given a standing receipt instruction) has to issue a receipt instruction slip to their depository participant. The Investors can transfer Rights Entitlements only to the extent of Rights Entitlements available in their demat account. The instructions for transfer of Rights Entitlements can be issued during the working hours of the depository participants
Q) If I have not received my right issue on email, what do I have to do?
Download the forms from the link
https://rights.kfintech.com/entitlement.aspx
Select the holding in shares format Physical, NSDL OR CDSL and then download the forms.