Questions

What happens to Re shares?

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What happens to Re shares?

The RE shares will get lapsed if you do not apply for the rights issue and your Demat account credited with these temporary shares will get debited once the allocation process is complete. If the RE has been purchased, you will also lose the amount paid to acquire those REs.

What will happen to my purchased holding of Re shares if I do not apply for the online right issue?

What will happen to my purchased holding of RE shares if I do not apply for the online right issue? Your REs will lapse and you will lose the premium paid to acquire them/The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.

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Can I sell my rights entitlement Zerodha?

Rights Entitlements (REs) are temporary demat securities that represent your eligibility to apply for the rights issue. Exchanges have allowed trading in the REs, and you may also sell the REs like you sell stocks from your holdings .

Can we sell Re shares?

RE can be sold in the secondary market the way you sell any other share held. RE sold are marked for delivery. Intra-day trading is not allowed in RE. Selling RE on the stock exchange is permitted until a few days before the issue closing date.

What is RIL rights issue?

Reliance had made a Rights Issue of 42.26 crore equity shares at Rs 1,257 each. The final call of 50 per cent of the amount – Rs 628.50 per share – has now become due. Reuters Reliance’s rights issue at a total size of Rs 53,125 crore was the largest ever rights issue in India.

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Can I apply for additional shares in rights issue?

Yes, applicants can apply for any number of additional shares but the allotment of the same will depend on shares available for apportionment and will also be in proportion to your holding, irrespective of additional shares applied by applicants.

What is RIL Re share?

RIL’s rights issue Reliance Industries Ltd launched India’s biggest-ever rights issue worth Rs 53,125 crore in May 2020. It offered RE shares to existing investors in the ratio of 1:15 at a price of Rs 1,257 per share. Following the RIL’s rights issue, over 25 companies have come up with rights issues since May 2020.