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Dear sir - I don't have reliance share but I bought RIL RE 100 shares @ 216. Please advice what will happen to this 21600 if not sold by 29 May. I.e. can I get 100 reliance at 100 rupees avg (314-216) or the entire 216 will be gone but eligible for 100 reliance pp shares@ 314. Please help as I am unaware and bought this RILRE

Trading in RIL RE will be stopped after May 29th. RE will be valid till June 3rd to apply at 314.25 per share. Unapplied RE Re will get extinguished after June 3rd. So if you do not sell by May 29th, you have no option but to apply and pay 314.25. After June 12 , they will be listed as PP shares and likely to quote around 514.25 depending on RIL share price.

If you do not apply by June 3rd, you lose 200 paid for RE

entire 216 will be gone but eligible for 100 reliance pp shares@ 314.