Announcements

Reliance Industries Limited’s (RIL) partly paid-up equity shares will be suspended from trading from 11th May 2021.

What are partly paid-up equity shares?
These are shares in a company which have only been partially paid for and as the company requires more funds, calls will be made from time to time from the holder of such partly paid-up shares until the shares are fully paid-up. Once fully paid-up no further call would be made towards such shares.

Why has trading been suspended on these shares?
RIL announced that the first call of Rs. 314.25 per partly paid-up equity share would be payable from 17th May to 31st May 2021. This means between these dates, Rs. 314.25 will need to be paid per partly paid-up equity share by its holders. In order to determine the holders of these partly paid-up equity shares the company has fixed 12th May 2021 as the record date. Every person who shall be holding these partly paid-up equity shares in their Demat account as on the record date would be liable to pay the call amount to the company.

What to keep in mind if you are a holder of RIL’s partly paid-up equity shares?
Here are the pointers to keep in mind if you own partly paid-up equity shares of RIL:

1. The last date for trading of these partly paid-up equity shares will be 10th May, 2021. 
2. If you are holding these shares post 12th May 2021, you’ll be liable to pay Rs. 314.25 per partly paid-up equity share

To know more, you can also read and refer to the Exchange circulars here:

NSE: https://bit.ly/3beZIkt

BSE: https://bit.ly/3f4T1CC

That’s all about the RIL’s partly paid-up shares, stay tuned for more updates from Upstox!