InvestorQ : Was the Reliance Rights Entitlements (RE) trading on 20 May active?
Mahima Roy made post

Was the Reliance Rights Entitlements (RE) trading on 20 May active?

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diksha shah answered.
8 months ago
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The RIL-RE started trading aggressively on May 20. In fact, the Reliance Rights Entitlements (RIL-RE) officially started trading on the NSE and BSE on 20 May. The RE gained nearly 40% during the day. The RE will be valid and traded only till 29 May and any transactions in RE have to be completed before that. That is because it represents the right to acquire equivalent shares of RIL at the rights price of Rs.1257. The major trades on the RE counter on 20 May were Bank of New York offloading 1.025 crore rights entitlements and SOCGEN acquiring nearly 32.58 lakh Res from the open market. The RE can either be renounced / sold in the secondary market or the RE can be used to convert into actual rights shares, which will be credited to demat accounts on Jun 11.

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