Reliance Industries News : Partially paid shares of Reliance Industries re-listed on the stock exchange and started trading on Thursday. Initially these shares were trading at Rs 1570. The shares were relisted on Thursday after investors paid the first call amount last month.
Now this stock is trading at Rs.619 less i.e. Rs.1570 as compared to Reliance’s full paid-up price of Rs.2189. After paying partly at the time of subscription, now investors have paid half the price of 1257. However, the price of this share has crossed its issue price. The trading of this stock had stopped last month at a price of Rs 982 per share. Since then the share of Reliance Industries Limited has increased by 14 percent.
Investors were given options for payment of rights issue
Reliance Industries (Reliance Industries ) Last year, after completing a rights issue of Rs 53,124 crore, had issued 42 crore 26 lakh (42,26,26,894 equity shares) shares at a face value of Rs 2.50. Reliance had given options to investors for payment of its rights issue. Under this, the investors to whom these shares were issued had to pay Rs 314.25 at the time of subscription. After this he had to pay the money in two instalments. The price of partially paid shares of Reliance has been increasing since June last year (2020). So far the price of their shares has increased by 127 percent.
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What are partially paid shares?
Like common shares, partially paid shares can be bought and sold. Investors buying partially paid shares have to pay the rest as per the payment schedule. After payment, it gets converted into fully paid shares. Any company issues partly paid shares when it does not require full amount of money for the shares issued at once. The company gives time to the shareholders to pay the rest of the money.
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