Axis Securities says RIL PP is like a call option to buy RIL shares at Rs 1,257. Call option holders, in this case, the RIL rights issue subscribers, will make money as long as shares stay above Rs 1,257 each.
A partly paid share is a share in a company, which has only partially been paid compared to the full issue price. This means that investors like you and I can buy these shares by not paying the full issue price. … An investor purchased it for Rs 75 per share.
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.
What is Reliance First Call Payment?
Reliance Industries (RIL) received Rs 13,150.7 crore as the first call on partly paid-up equity shares. The company, till May 31, 2021, received Rs 13,150.7 crore on first call representing around 99 percent of the total amount due, the company said in the regulatory filing.
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.
Is Reliance PP listed on NSE?
This company was established in 1973. … This company is listed on the Bombay Stock Exchange (BSE), having the code 500325 and on the National Stock Exchange (NSE) with the symbol RELIANCE.