Subscribers release 10 crores | Zerodha Relience Industries | Money issued rights do not work

How right issue of reliance went flop and gave loss to investors

Company rights issue

The first article was written by Financial Express claiming that Nithin Kamath told Financial Express Online. "Most of these are Reliance Industries given the magnitude of the issue of its rights but it also includes the number of our customers lost in all rights issues since May 2020," he said.

How much money was lost in relience right issue in zerodha? Now this rights issue was a matter of rights in Reliance Industries's Rs 53,000-crore rights in May 2020 and was the first in the Indian stock market.

The case was open from May 2020. The issue was that it was paid in full but people did not know that you needed to apply for the issuance of rights after registration. This took 10 crores,  Yeh peoples mostly a total of 10 crores went Nullvoid. No one gets this money just disappears in a little wind.

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Is there any process to reissue the rights issue? We do not know if there is a process that can bring that money back to work. But if not then this is the area where SEBI needs to look. It is not a small amount of money. End is the face of my investors who have shown determination in this right issue.

This was the first time in the Indian stock market and the process was unclear and very unaware of the process. Redressing this situation will also help in future or new rights issues.

What did nithin kamath said on behalf of zerodha on rights issue loss?Financial Express quoted Nithin Kamath as telling Financial Express Online that Investors buy REs from eligible shareholders, but do not apply for shares within a specified period, and eligible shareholders do not apply for rights using their RE, or sell their REs in the stock market.

The time when you really need to know where to invest your money. Try to spread this information among others to avoid such situations again. Because we do not know in what situation people should invest their money. I hope this investment will support their future.

How to apply Rights Policy Issued

Procedure for applying for a matter of rights through ASBA (Restricted Applications). If your bank supports it, you can apply online as an IPO. Otherwise you would have received a Composite Application Form (CAF) message from the company's RTA (Registrar and Transfer Agent).

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