Reliance has called a meeting of its board to declare dividend and consider results on April 27. The no-delivery period will follow this.

According to sources, since there is a reasonably high level of liquidity following the harmonisation of the two segments, demat and physical, it makes sense for an investor to receive the shares in the demat form ahead of a company's book closure.

"If an investor is decided upon holding on to the share to earn economic benefits on it, it only makes sense for him to receive the delivery in demat shares," said a source.

"This is because he will not need to go through the hassles of lodging the shares with the company for transfer in his name, as the demat shares bought by him would be in his name any way. On the fifth day of purchase, hewould be the bonafide owner of the shares and ready to claim the economic benefits on the same. He will also be able to receive the bonus shares, if any, directly in the electronic form," said the source.

"Also, he saves a straight 50 basis points as stamp duty if he goes for demat shares. Thus, there is no reason to believe why an investor would not prefer to go in for an electronic share rather than a physical one if his intention is to have these shares transferred in his name," said the source.

Sources said that over the past few days there has been a considerable amount of interest among investors to receive their Reliance shares in the demat form. In the settlement just concluded, a number of investors had opted for receipt of Reliance shares in the demat mode.