1. New Investor|| Link|May 22, 2020 3:26:48 PMReply
I AM ENTITLED FOR 91 RIGHT SHARES. I WANT TO APPLY FOR ADDITIONAL SHARES. HOW MANY MORE SHARES I CAN APPLY AND GET. IF I PUT MY APPLICATION FOR 1000 SHARES, HOW MUCH WILL IGET. PL. GUIDE ME.
I HOLD 1365 SHARES OF RIL. I AM ENTITLED FOR 91 RIGHT SHARES. I WANT TO APPLY FOR ADDITIONAL SHARES. HOW MANY MORE SHARES I CAN APPLY AND GET. IF I PUT MY APPLICATION FOR 1000 SHARES, HOW MUCH WILL IGET. PL. GUIDE ME.
You can apply as many as additional shares as you want till the entire issue. You will be allotted your entitlement first, followed by 1 share for any fractional entitlement ignored, After this shares left out from right shares not applied by other shareholders will be distributed in same proportion to initial holding subject to having applied more. It depends how many share holders do not apply.
What happens to the initial 25% which I paid for the additional requested shares? Would that be refunded if the additional shares are not allotted in whole?
PL. GUIDE ME.