Dear All,
I have been credited reliance rights (REs) in my demat account as I have been holding some reliance industries shares.
So since I am not interested to buy them, how do I sell them?
Are they tradeable just like any other shares?
Starting tomorrow i.e. 20-May, will there be a new script under it's own ISIN for reliance rights in stock market?
Since the issue price is 1257, is it the same price at which the buyer in stock market will buy from interested sellers under its own ISIN.
Also I believe when the financial settlement happens I will be getting the difference between market & issue price and rest should be received by reliance.
Do provide clarity on this. This is first time I am handling rights issue. Thanks and best regards. Ravi
I have been credited reliance rights (REs) in my demat account as I have been holding some reliance industries shares.
So since I am not interested to buy them, how do I sell them?
Are they tradeable just like any other shares?
Starting tomorrow i.e. 20-May, will there be a new script under it's own ISIN for reliance rights in stock market?
Since the issue price is 1257, is it the same price at which the buyer in stock market will buy from interested sellers under its own ISIN.
Also I believe when the financial settlement happens I will be getting the difference between market & issue price and rest should be received by reliance.
Do provide clarity on this. This is first time I am handling rights issue. Thanks and best regards. Ravi