 "Sebi")
Regulator Sebi on Tuesday allowed N Ravichandran, who was facing a capital markets ban, to subscribe shares in the ongoing rights issue of Reliance Industries Ltd (RIL).
However, he would not be permitted to subscribe to shares renounced by any other shareholder of RIL in the rights issue, the regulator said in an order.
In addition, he has been permitted to convert the physical share certificates held by him into the Demat form within three months.
The direction comes after Ravichandran on May 28 requested Sebi to permit him to apply for shares in the rights issue.
RIL's rights issue
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