{"id":472,"date":"2020-05-20T10:59:40","date_gmt":"2020-05-20T10:59:40","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=472"},"modified":"2020-05-20T11:35:02","modified_gmt":"2020-05-20T11:35:02","slug":"ril-rs-53125-crore-rights-issue-opens-how-investors-can-apply","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/ril-rs-53125-crore-rights-issue-opens-how-investors-can-apply\/","title":{"rendered":"RIL Rs. 53,125 crore Rights Issue Opens: How Investors can apply?"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>The tech-giant Reliance\nIndustries Limited (RIL) owned by billionaire Mukesh Ambani put its Rs. 53,125\ncrore rights issue for subscription to deleverage company\u2019s balance sheet and\nmake it debt-free. The issue is opened for subscription today (May 20, 2020)\ntill June 03, 2020. The Rights Issue has been priced at Rs. 1,257 per share\nwith share ratio at 1:15. The eligible shareholders will be entitled to 1\nequity share for every 15 equity shares held as on record date (March 14, 2020).\nSo, if a shareholder is holding 1500 shares of Reliance Industries Limited as\non record date, he or she will be eligible to buy 100 right issue shares.\nHowever, it is not mandatory for eligible shareholders to \u2018opt\u2019 for the rights\nissue or may refuse they wish to. <\/p>\n\n\n\n<p>This is the biggest equity offering by Reliance Industries Limited and the first right issue in the last three decades.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list\"><li><a href=\"#What_is_Rights_Issue\" title=\"What is Rights Issue?\">What is Rights Issue?<\/a><\/li><li><a href=\"#How_Investors_can_apply_for_RIL_Rights_Issue\" title=\"How Investors can apply for RIL Rights Issue?\">How Investors can apply for RIL Rights Issue?<\/a><ul><li><a href=\"#Method_01_From_Internet_Banking_Account\" title=\"Method 01: From Internet Banking Account\">Method 01: From Internet Banking Account<\/a><\/li><li><a href=\"#Method_02_To_apply_via_RTA\" title=\"Method 02: To apply via RTA\">Method 02: To apply via RTA<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\">What is Rights Issue?<\/h2>\n\n\n\n<p>When a public listed company proposes fresh securities, giving the rights to its existing shareholders to purchase new shares of the company at a discounted price as on a record date is called rights issue. &nbsp;It is one of the routes for a company to raise funds, acquiring assets, or clear off debts. Unlike, FPO or <strong><a href=\"https:\/\/www.invest19.com\/blog\/how-to-track-upcoming-ipos-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Initial Public Offering (IPO) (opens in a new tab)\">Initial Public Offering (IPO)<\/a><\/strong>, Rights Issue is best suited for a listed company to raise funds without diluting the stake of its existing shareholders. <\/p>\n\n\n\n<p>And the \u2018Record Date\u2019 is the date\nset by the company on which the investors must own shares, to be eligible for\ndividend, share split, bonus shares, or in this case, rights issue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Investors can apply for RIL Rights Issue?<\/h2>\n\n\n\n<p>There are two ways which\ninvestors can apply for RIL rights issue which we will discuss one-by-one:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Method 01: From Internet Banking Account<\/h3>\n\n\n\n<p>Step #1: Login into your bank account.<\/p>\n\n\n\n<p>Step #2: If your bank has enabled it, you will have the\noption to invest in IPO\/Rights. <\/p>\n\n\n\n<p>Step #3: Apply for Reliance Right&nbsp; <\/p>\n\n\n\n<p>Step #4: Fill with the details of your folio and number of\nrights shares you want to apply. <\/p>\n\n\n\n<p>Step #5: No amount will be debited from your bank, however\nfor every share applied, you have to block Rs. 314.25 per share in the bank. <\/p>\n\n\n\n<p>Step #6: Bank would want you to enable ASBA online. If you\u2019ve\nnot done it, do it already! <\/p>\n\n\n\n<p>Step #6: The amount will be blocked in your bank account for\nthe applied rights shares. Once the allotment is done, the amount will be\ndebited from your bank account depends upon the allotted shares. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Method 02: To apply via RTA<\/h3>\n\n\n\n<p>Step #1: &nbsp;Visit the\nKarvy Fintech RTA website &#8211; <a href=\"https:\/\/rights.kfintech.com\/\">https:\/\/rights.kfintech.com\/<\/a>.<\/p>\n\n\n\n<p>Step #2: Apply for Rights Issue as it the issue is open for\nsubscription. <\/p>\n\n\n\n<p>Step #3: Select the depository with which you have a Demat account.\n<\/p>\n\n\n\n<p>Step #4: Fill the asked details online \u2013 PAN, DP, ID, Folio\nno etc. <\/p>\n\n\n\n<p>Step #5: Make the payment either via net banking or UPI.\n[Note: In UPI, there is a limit of Rs. 2 lakh] <\/p>\n\n\n\n<p>Step #6: Unlike the previous method, here the money will be debited from your bank account immediately i.e. Rs. 314.25 for every share you applied. But, if the allotted shares are less than applied then the balance will be refunded into your bank account later by the company. <br> <br> <\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 3,676<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"472\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">3    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The tech-giant Reliance Industries Limited (RIL) owned by billionaire Mukesh Ambani put its Rs. 53,125 crore rights issue for subscription to deleverage company\u2019s balance sheet [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/ril-rs-53125-crore-rights-issue-opens-how-investors-can-apply\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":474,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,10],"tags":[126,127,128,129],"class_list":["post-472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market","category-investment","category-featured","tag-reliance-industries-limited","tag-ril-rights-issue","tag-rights-issue","tag-rights-shares"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=472"}],"version-history":[{"count":2,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/472\/revisions"}],"predecessor-version":[{"id":475,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/472\/revisions\/475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/474"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}