RIL receives Rs 13,150 crore on first call till May 31

FPJ Web DeskUpdated: Wednesday, June 09, 2021, 11:25 PM IST
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Reliance Industries Ltd. |

Reliance Industries Limited (RIL) received Rs 13,150.70 crore representing around 99 per cent of the amount due on First Call on partly paid-up equity shares till May 31, 2021, stated the company in its regulatory filing.

The Rights Issue Committee constituted by the Board of Directors of RIL has fixed May 12 as the record date for the purpose of determining the holders of the partly paid-up equity shares who shall be liable to pay the money on the 'first call.

In the recent filing, RIL stated, “The holders of the aforesaid partly paid-up equity shares, whose names appeared on the Register of Members as on May 12, 2021 (the Record Date), were required to pay the First Call amount of Rs 314.25 per equity share (comprising Rs 2.50 towards face value and Rs 311.75 towards securities premium) between Monday, May 17, 2021 and Monday, May 31, 2021 (both days inclusive).”

While the aggregate amount payable by these shareholders towards First Call was Rs 13,281.05 crore, the company received Rs 13,150.70 crore representing around 99 per cent of the amount due on First Call (until May 31).

Meanwhile, RIL has completed the corporate action for credit of 41,77,93,830 - Rs 5 paid-up equity shares. “These 41,77,93,830 - Rs 5 paid-up equity shares have been listed and would be available for trading on the Stock Exchanges with effect from June 10, 2021,” it stated.

RIL had through the letter dated March 26, 2021, intimated that the first call of Rs 314.25 per partly paid-up equity share (including a premium of Rs 311.75 per share) would be payable on the shares from May 17, 2021 to May 31, 2021.

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