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Guys,

I have purchased RIL -RE through two different demat accounts of mine. Once the same are credited in my demat accounts, I can go to Karvy fintech site twice and pay 314 per share for shares linked to each demat account. Is this understanding correct?... I read somewhere that we can make only one application... ... hence confirming as in that case I run the risk of both applications getting rejected and entire amount spent on buying RIL RE lost... Pls guide me.

I think Reliance rights technical team or Karvy's Fintech team did not foresee this scenario- one person having multiple demat holdings, otherwise they could had added this option in R-wap tp accept multiple demats in their UI. Please check with Fintech customer service if they can clarify your query...

You can apply for rights in both your dmat account separately. It will not be treated as multiple application as it's shareholders right entitlement. But, ensure that you use same linked bank account of respective Dmat account when paying, otherwise will be treated as third party payments and rejected.