Reliance Rights Issue: Procedure to Apply
The Reliance Rights Issue is live and there is a lot of confusion as to how to apply for it. The scope of this blog post is limited to only Dematerialised Shareholders.
If you were holding shares in your demat on the Record Date, you would have received your Rights entitlement (RE) Shares in your Demat account. These give you the number of guaranteed shares that you can subscribe for. Reliance is issuing partly paid up shares and therefore, they will have different ISIN number until they become fully paid up. You can trade your RE Shares freely on NSE/BSE.
Now let us look at how to apply for the Rights Issue:
This should clarify as to how one needs to apply for the Rights Issue. A detailed VIDEO about the same will soon be uploaded on the YouTube Channel.