InvestorQ : What are the terms of the payment of the Reliance Rights issue, which opens on May 20?
Rutuja Nigam made post

What are the terms of the payment of the Reliance Rights issue, which opens on May 20?

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Arti Chavan answered.
8 months ago
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As has already been communicated to shareholders, shareholders intending to apply for the rights issue have to pay 25% on application and balance in one or more calls. Accordingly, the company has proposed the following schedule for payment of the balance amount of Rs.942.75 per rights equity share. For every rights share priced at Rs.1257, they need to pay Rs.314.25 at the time of application. Subsequently, shareholders can pay Rs.314.25 i.e. 25% in May 2021; and the balance Rs.628.50 per share in November 2021.

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