Rights Issue
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Privileged and Strictly Confidential Reliance Industries Limited – Rights Issue Application Process Key Terms of the Issue Issue Size (in Rs.) • 5,31,24,20,05,758 Issue Size (No. of Rights • 42,26,26,894 Equity Shares) Issue Price • ₹ 1,257 per Rights Equity Share Rights Entitlement Ratio • 1 Right Equity Share for every 15 shares held on Record Date i.e. May 14, 2020 First 25% (₹ 314.25) on application. Balance to be paid in two tranches – Payment Terms • ₹ 314.25 in May 2021 • ₹ 628.50 in November 2021 2 Rights Issue Schedule – Key Dates Record Date • Thursday, May 14, 2020 Issue Opening Date • Wednesday, May 20, 2020 Last Date for On Market Renunciation • Friday, May 29, 2020 Last Date for providing demat details by • Monday, June 01, 2020 Physical Shareholders Last Date for credit of Rights Entitlements to Physical Shareholders’ demat accounts - Transfer from the • Tuesday, June 02, 2020 demat suspense escrow account to their demat account Last Date for completion of Off-Market • Wednesday, June 03, 2020 Renunciation* • Wednesday, June 03, 2020 Issue Closing Date (Applications to be uploaded through ASBA/R- WAP to be available until 5.00 PM unless extended) * Renunciation through off-market transfer to be completed such that the Rights Entitlements are credited to Renouncees demat account on or prior to the Issue Closing Date 3 What to do with Rights Entitlements – Options available Below are the options available to Eligible Equity Shareholder for the Rights Issue ✓ Apply to full extent of Rights Entitlements; or ✓ Apply to the extent of part of its Rights Entitlements (without renouncing the other part) or Apply to the extent of part of its Rights Entitlements and renounce the other part of its ✓ Rights Entitlements; or Apply to the full extent of its Rights Entitlements and apply for additional Rights Equity ✓ Shares; or ✓ Renounce its Rights Entitlements in full 4 Overview of Application Process– Options available to Investors How to apply? Apply Through Registrar’s Apply Through ASBA (KFintech’s) Website – Non ASBA • Money gets debited from applicants bank • Money remains in bank account till allotment account • List of SCSBs available at https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognis edFpi=yes&intmId=34 • Special online application facility due to the Physical ASBA Online ASBA lockdown • Only for Resident Investors • Log on to https://rights.kfintech.com • Submit online form and make payment through Application Form to be printed Online/ electronic Application and submitted in physical mode through the website of the net banking or UPI to the Designated Branches of SCSBs (if made available by • Acknowledgment upon successful completion the SCSBs such SCSB) • Third-party transactions or payments won't be accepted. • Investors can make payment only using bank account held in their own name. • An application cannot be made by cash / cheque 5 Applying to Rights Issue – Through R-WAP R-WAP | Step – 1 | R- WAP Link Visit https://rights.kfintech.com Either through mobile or desktop GO – to R-WAP Apply for Rights Issue 7 R-WAP | Step – 2 | Terms and Conditions and Declarations Please read the Term and conditions and below Declarations before confirming Click on “Proceed” 8 R-WAP | Step – 3 | Confirm Shareholder Status (Demat / Physical / Renouncee) Confirm the details, as applicable • Existing Shareholder to select if they are holding shares in physical or demat form and enter details (Folio Number/ DPID-Client ID, and PAN) • Renounces to select the third box and details (Enter DP ID- Client ID, and PAN) Click on “Proceed” 9 R-WAP | Step – 4 | Verification Enter Email ID and Mobile No, and generate OTP Enter OTP received on Email ID/ Mobile Validate OTP 10 R-WAP | Step – 5 | Application • Existing Shareholder gets their details such as Name, Holding as on record date and Entitlement and Bank account details prefilled • Shareholder/ Renouncees to enter No. of share they intend to apply (including additional equity shares if any). • Existing Shareholder can choose to pay using prefilled bank account (if the In case they want to pay through other bank is included in the list of eligible banks as per RWAP ) or through UPI (if bank account held by them, they can registered) choose option to CHANGE BANK • PAYMENT TO BE MADE BASED ON RS. 314.25 PER EQUITY SHARE BEING DETAILS (REFER STEP 6) APPLIED FOR 11 R-WAP | Step – 6 |Bank Account Details (Renouncee or Change in Bank for Shareholder) • If Existing Shareholder choose to pay through different bank account (Instead of the bank account mapped with their demat account ) • Renouncees to enter bank account details to pay for application money • List of Banks with whom this facility is available can be found at https://rights.kfintech.com/rwapfaq.aspx • Penny Drop Validation for third party account verification • In case of failure the Investors cannot apply Click on “Proceed”, Third party transactions or payments won't be accepted. Investors can make payment only using bank account held in their own name against same PAN number to which DPID Client ID is mapped. First or Second Joint Holders Bank account can be used to apply 12 R-WAP | Step – 7 | Payment (Through Net Banking) • Click on “Proceed to payment”, • You will taken on your bank page to make payment for application money • After payment is completed, you will get a reference no for your application, which should be used for all future reference and queries 13 R-WAP | Step – 7 | Payment (Through UPI) • If you choose to pay through UPI, necessary bank account details need to be entered • Click on “Proceed to payment”, • You will taken on your bank page to make payment for application money • After payment is completed, you will get a reference no for your application, which should be used for all future reference and queries 14 FAQs On Payment through RWAP How to make the payment? There are two payment options - Net Banking and UPI Can payment be made from any bank? Yes, In case of an UPI. In case you are using a Net Banking facility for making payment, then the option is available only for 30 banks mentioned at the link https://rights.kfintech.com/rwapfaq.aspx Can bank details of family / friends be used for making payment? No. The bank details to be used for making payment through this platform must have your name as one of the joint holders along with the family / friends otherwise it will be treated as Third party payments and will be rejected as per SEBI circular dated May 06th 2020 Can credit card be used for making payment? No. Option to use credit card for making payment is not available on this platform Maximum amount that can be paid through this platform? In case of Net Banking, there is no restriction on amount on R-WAP. However, maximum amount will be as per the limit set by applicants’ respective banks. In case of UPI, the payment can be made only upto Rs. 2 lakhs Payment has failed, whom to approach? Write at [email protected] or call at 1800 425 8998 / 1800 345 4001 Payment confirmation is not received however amount debited, whom to approach? Write at [email protected] or call at 1800 425 8998 / 1800 345 4001 In case of wrong information being submitted, is there an option to revoke or rectify? No. Once the application is submitted, it is final. However, application can be withdrawn by sending an email with withdrawal request to [email protected] during the issue period. Further, no investor may withdraw his/ her/ its application post the issue closing date 15 Applying Through ASBA Application using ASBA mechanism APPLICATION USING ASBA MECHANISM (can be made through physical or online process) PHYSICAL ASBA ONLINE ASBA^ Print the Application form and fill Log into the net banking website the details of ASBA bank Open the application page in Submit the Application Form at Apply now/Investment /other designated branch of SCSB* relevant tab Obtain acknowledgment slip from Complete the application and the SCSB submit the bid * The list of banks and branch details for the ASBA process is provided on the website of SEBI at https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=34 ^ If made available by such ASBA banks eg. Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Axis Bank, etc. Examples for Kotak Mahindra Bank and Axis Bank given in subsequent slides. 17 Examples of Online ASBA through Internet Banking: Application through Kotak Mahindra Bank Internet Banking (1/3) Click on ‘Apply Now’ and fill details Read notification and Click ‘OK’ to proceed 18 Examples of Online ASBA through Internet Banking: Application through Kotak Mahindra Bank Internet Banking (2/3) Select correct category and click ‘Next’ Enter Bid details 19 Examples of Online ASBA through Internet Banking: Application through Kotak Mahindra Bank Internet Banking (3/3) Verify the bid details and proceed Application submitted and application amount blocked in the bank account 20 Examples of Online ASBA through Internet Banking: Application through Axis Bank Internet Banking (1/3) Verify the bid details and proceed Click here to apply for Rights Issue 21 Examples of Online ASBA through Internet Banking: Application through Axis Bank Internet Banking (2/3) Click ‘Initiate Payment’ Select correct details and proceed 22 Examples of Online ASBA through Internet Banking: Application through Axis Bank Internet Banking (3/3) Read the Instructions and fill the bid details Click proceed to submit the bid. Thereafter, confirm details and complete the application 23 Participation by shareholders