Reliance brings back chatbot to assist investors on rights issue

New Delhi: Reliance Industries Ltd has once again launched an AI-enabled WhatsApp chatbot to address investor queries about the first call for payment of money relating to its Rs 53,125 crore rights issue. In a regulatory notice, Reliance said it had issued and allotted 42.26 crore partly paid-up equity shares of a face value of Rs 10 each for cash at a price of Rs 1,257 per rights equity share in May last year.

“An amount of Rs 314.25 per rights equity share (comprising Rs 2.50 towards face value and Rs 311.75 towards securities premium) was paid on application and balance was payable in one or more subsequent call(s),” it said. “First call of Rs 314.25 per rights equity share is payable from Monday, May 17, 2021 to Monday, May 31, 2021, both days inclusive.”