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Reliance Industries’ partly paid shares relists at Rs 1,572 on NSE

NEW DELHI: Partly paid shares of Reliance Industries on Thursday got relisted at Rs 1,572 per share on NSE.

The partly paid scrip had delisted at Rs 982 on May 10 when fully paid

‘s share price was at Rs 1,926.20 apiece. Since then share prices of Reliance Industries had gone up 12.91 per cent or Rs 248.80 on NSE.

At 10.26 am, the partly paid scrip was trading 0.76 per cent higher at Rs 1,560.45 against its derived previous closing value of Rs 1,546.50.

Last year, Reliance Industries announced the biggest ever rights issue of Rs 53,125 crore by issuing a total of 42,26,26,894 equity shares at Rs 1,257 apiece. Shareholders were required to pay only Rs 314.25 per share and the balance amount of Rs 942.75 per share was to be collected later.

On receiving full payments, the partly-paid shares of RIL would get converted into fully-paid shares in November this year.

The first call amount of Rs 314.25 per share was paid by the holder of those partly paid-up shares between May 17 and May 31 period. Against the amount of Rs 13,281.05 crore, the company till May 31 received Rs 13,150.70 crore, representing around 99 per cent of the amount due on the first call.

The shares were, thus, listed on stock exchanges on Thursday.

The second and final call of Rs 628.50 per rights equity share will be payable from November 15, 2021 to November 29, 2021.

Read More: Reliance Industries’ partly paid shares relists at Rs 1,572 on NSE

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