RIL fixes May 12 as Record Date for First Call on partly paid-up equity shares

TBB BUREAU

MUMBAI, MAY 4, 2021

The Rights Issue Committee constituted by the Board of Directors of Reliance Industries Ltd (RIL) has fixed May 12, 2021 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 a regulatory filing, RIL said that pursuant to the Letter of Offer dated May 15, 2020, the company had issued and allotted, on rights basis, over 42.26 crore equity shares of the face value of Rs. 10 each as partly paid-up equity shares (Rs. 2.50 paid-up per share).

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.

“The Rights Issue Committee constituted by the Board of Directors of the company has fixed Wednesday, May 12, 2021 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,” it said.