EQUITY SHARES OF RELIANCE NAVAL NOT SEEN IN DEMAT ACC

I had 150 shares of reliance Naval and defence in my demat account. It is no longer seen. I reliased it now. 

Replies (3)
Quick Summary
If your Reliance Naval and Defence (RNEL) shares are no longer visible in your demat account, it's likely due to the acquisition by Swan Energy Limited. RNEL was renamed Swan Defence and Heavy Industries Limited, with a conversion ratio of 1 new share for every 275 old shares. As you held 150 shares, this fell below the threshold for receiving a full new share, meaning your original RNEL shares were extinguished.

Swan Energy Limited acquired RNEL through a resolution plan.

Following the acquisition, Reliance Naval and Engineering Limited was officially renamed Swan Defence and Heavy Industries Limited.

1 equity share of Swan Defence and Heavy Industries was issued for every 275 equity shares held by existing shareholders of RNEL.

Since you had 150 shares, and the conversion ratio was 1:275, you would not have received any full shares of Swan Defence and Heavy Industries. Your shares would have been extinguished. Fractional shares were generally managed according to legal provisions, often meaning they were held in trust or the value was adjusted.

thanks Rambhia sahab

 

You are welcome.       

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details