RIL fixes May 12, 2021 as record date for paying first call money on partly-paid shares

Reliance Industries Ltd (RIL) had earlier announced that the First Call of Rs. 314.25 per partly paid-up equity share (including a premium of Rs. 311.75 per share) would be payable on the aforesaid shares from May 17, 2021 to May 31, 2021 (both days inclusive).

The Rights Issue Committee constituted by the Board of Directors of the Company has, at its meeting held on May 1, 2021, fixed Wednesday, May 12, 2021 as the 'Record Date' for the purpose of determining the holders of the partly paid-up equity shares who shall be liable to pay the money on the First Call.

Pursuant to the Letter of Offer dated May 15, 2020, the Company had issued and allotted, on rights basis, 42,26,26,894 equity shares of the face value of Rs. 10 each as partly paid-up equity shares (Rs. 2.50 paid-up per share).

Trading of the Rs. 2.50 partly paid-up equity shares of the Company (ISIN IN9002A01024) on the stock exchanges would be suspended with effect from May 11, 2021. The last date for trading of these partly paid-up shares will be May 10, 2021.

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1994.45 as compared to the previous close of Rs. 2023.2. The total number of shares traded during the day was 321474 in over 17038 trades.

The stock hit an intraday high of Rs. 2036.4 and intraday low of 1987.4. The net turnover during the day was Rs. 647647726.

Source : Equity Bulls

Keywords