What happens to Reliance partly-paid share?
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On payment of the Second and Final Call amount, the partly paid-up shares will transition into fully paid-up shares of Reliance Industries, which are traded under symbol RELIANCE on both NSE and BSE. To assist investors on the issue, Reliance has re-activated WhatsApp Chatbot.
What is partly-paid rights issue?
Partly paid shares are issued by a company when the shareholder who holds those shares has not paid the full issue price of those shares. For example, a company issues its shares at $1.00 per share.
What is Reliance partly-paid?
In a regulatory filing, the company said a notice for payment of Second and Final Call on 42,26,26,894 partly paid-up equity shares of the face value of ₹10 each issued and allotted on rights basis on May 15, 2020, has been issued. Reliance had made a Rights Issue of 42.26 crore equity shares at ₹1,257 each.
What happens to partly-paid shares if I don’t pay the call money?
What will happen if you don’t make the call payment? Suppose you fail to pay the call money. In that case, the partly paid shares may be forfeited, i.e. the current partly paid shares you hold will be worthless and will not trade on exchanges as the company will allot new partly-paid shares under different ISIN.
Payment may be made through net banking or UPI or NEFT or RTGS modes. The Company and the RTA shall not be responsible if the application is not successfully submitted or if it is rejected during the process while using the R-WAP facility.
A partly paid share is a share in a company which has only partial been paid compared to the par value, with the understanding that as the company requires more funds, calls will be made from time to time until the shares are fully paid, when no further calls can be made.