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Conversion rate is 140
Posted by :
kool_ipoHow and when did you receive this amount? I mean through ECS or through cheque?...
RPL share missing
Posted by :
GuestOh..you could have bought 2 more RPL shares so that you would have got 2 RIL shares. Now, RIL will arrange for cash payment for the fractional shares in due course of time, no one is sure how long it will take, may be we have to wait for another 2 to 4 weeks time....
My understanding about RPL - RIL Conversion
Posted by :
sabret00the
So the formula is = Divide the total amount of money at which you had bought RPL by the number of RIL shares given to you.
Say, you have bought
1)16 number of RPL @ 200 bucks during 2008.
2)then you have bought another 16 shares of RPL @ 150 bucks during later 2008.
3)Finally you have bought another 16 shares @ 80 in early 2009.
So your total cost of acquisition of RPL will be as follows:
(16x200)+(16x150)+(16x80)= Rs.6880.
Avg price of holding RPL was = 6880/48 = Rs.143.33
Now you have been alloted 3 shares of RIL against the 48 shares of RPL owned by you. So the price per unit of RIL for your will be as follows:
Rs.6880/3 = Rs.2293.33
This might seem very high in todays market but if you consider the price per unit after Bonus takes effect the picture wont be so bad:
Rs.6880/6 = Rs.1146.67 which is almost unbelievable price for each share of RIL.
Hope this helped!!! ...
My understanding about RPL - RIL Conversion
Posted by : Pardhasarathy_M
Dear all friends
1 ) The conversion of RPL to RIL is merely based on no. of shares held. At what price you have bought RPL share is immeterial. For every 16 shares held 1 RIL share is given. If you have 100 RPL shares, you will get 16 RIL shares and for the balance 4 RPL shares amount will paid either directly to your bank account or by cheque. (may be at Rs.130.95 / share)
2) The Bonus shares at 1:1 will be given to all shares held as on the record date(including the converted shares) for this bonus issue. The date is yet to be announced....
Allocation of Reliance Petro bonus shares
Posted by : LMJOSHI
I was holding 300 shares of Reliance Petroleum ( RELPET) in my ICICI demat account. After merger to Reliance industries, they have been converted to Reliance Industries shares ( RELIND ) and I got 18 shares. Following are the queries.
1. RELIND shares were allocated with a ratio 1:16 … so what happened to remaining 12 shares of RELPET..
2. Why I am not able to see Reliance bonus shares… I mean when 18 shares of RELIND are allocated to me, than 18 more should have been allocated as Reliance gave bonus share in 1:1 ratio.
3. Can I still sell my 300 RELPET shares?
Regards
Lalit
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Price when posted : BSE: Rs 130.85 ( 0.00 % ), NSE: Rs. 130.95 ( 0.00 % )View full discussion
I`ve got the RIL Share but not the differential amount. And I believe the 1:1 bonus won`t be applied on these RIL shares ;)...
sunil kinderley Nagpur
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Price of Conversion
Posted by : KrishDADAI`ve got the RIL Share but not the differential amount. And I believe the 1:1 bonus won`t be applied on these RIL shares ;)...
Price of Conversion
Posted by : Guest
What about the bonus shares? I am not sure if the RPL share holder are also eligible to get bonus share from RIL in 1:1 ratio. Can someone throw some light on this ?
Thanks-Anju...
Price of Conversion
Posted by : shrithar_005when it will replact in my DEMAT?...
Is there anyone who has not received the refund yet?
Posted by : mktewariIs there anyone who has not yet received the refund for the partial Reliance share(1-15 shares)? I have not received it yet. Can anyone tell whom to contact in this regard?...
Regarding RPL conversion and bonus
Posted by : bskalariaRPL is converted to RIL Does that converted shares are eligible for BONUS can any body tell me...
Price of Conversion
Posted by : SAFI79Hi, I have not received differential amount. Has everbody received RIL shares and differential amount...
Price of Conversion
Posted by : vineet_72Has anybody received the differential amount for shares of RPL not converted to RIL shares i.e. if you held 100 shares, only 96 shares got converted to 6 shares of RIL. What about the balance 4 shares. At what price RIL is comensating for these odd shares....
Physical share and debenture certificate is lost
Posted by : adaljaarungo to karvy if they have office in your town with all documents and they will solve your problem do not panic in reliance they always help....
What about balance amount ??
Posted by : adaljaarunthis is your loss as you have purchased at 186 and on record date rpl price was 130/135 so naturally your loss comes out to be 50 rs per share but for balance15 shares of rpl you will get approximately 1500/1900 rs by cheque from the company it is the explanation and that you have to take it....
