RIL brings again chatbot to help traders on rights difficulty

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RIL brings back chatbot to assist investors on rights issue


NEW DELHI: Reliance Industries Ltd has as soon as once more launched an AI-enabled WhatsApp chatbot to handle investor queries concerning the first name for cost of cash referring to its Rs 53,125 crore rights difficulty.

In a regulatory discover, Reliance stated it had issued and allotted 42.26 crore partly paid-up fairness shares of a face worth of Rs 10 every for money at a value of Rs 1,257 per rights fairness share in Might final yr.

“An quantity of Rs 314.25 per rights fairness share (comprising Rs 2.50 in the direction of face worth and Rs 311.75 in the direction of securities premium) was paid on software and steadiness was payable in a number of subsequent name(s),” it stated. “First name of Rs 314.25 per rights fairness share is payable from Monday, Might 17, 2021 to Monday, Might 31, 2021, each days inclusive.”

The second and ultimate name of Rs 628.50 per rights fairness share can be payable from November 15, 2021 to November 29, 2021.

“Clarifications on any question associated to the cost of First Name could also be sought on the toll-free quantity 1800 892 9999 (operational from Monday to Saturday between 9 am and 9 pm) or WhatsApp by tying ‘Hello’ to +91 79771 11111,” it stated.

Sources stated the WhatsApp quantity is the Chatbot developed by Reliance group firm Jio Haptik.

The interactive chatbot can tackle queries associated to common FAQs on the First Cll, necessary dates associated, FAQs on cost, eligibility in the direction of dividends, necessary hyperlinks and so forth, and also can calculate the quantity an investor must pay, they stated.

AI-led pure language functionality means the chatbot also can precisely reply easy English questions. The chatbot went stay on Saturday, sources stated.

Beforehand, Reliance had arrange the chatbox to reply investor queries when it had launched the rights difficulty final yr.

Below the rights difficulty, Reliance allotted 42.26 crore new shares at Rs 1,257 every to eligible shareholders in 1:15 ratio in June 2020. The eligible shareholders needed to pay solely 25 per cent of the subscription quantity – Rs 314.25 per share – on the time of the allotment.

On the time of the rights difficulty, the corporate had introduced its schedule to name the remaining Rs 942.75 per share from the shareholders on these partly paid-up shares. Accordingly, the primary name is made to the shareholders holding the Reliance PP (Partly Paid-up) shares as on Might 12, 2021. The shareholders have between Might 17 and Might 31 to make the cost.

The second and ultimate name will come due in November 2021, when the remaining Rs 628.50 per share will should be paid, to transform the Rs 5 face worth partly paid-up shares into Rs 10 face worth absolutely paid-up shares at par with different Reliance shares.

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