RIL partly-paid shares under rights issue to debut on bourses on Monday

Reliance Industries (RIL) partly-paid shares will make their stock market debut on Monday. These shares were issued in rights issue programme, which concluded on June 3 and garnered 1.6 times subscription.

About 442.6 million partly paid-up shares with face value of Rs 2.5 per share were issued in the rights issue at Rs 314.25 per share. In simple terms, these shares are worth a fourth of the fully-paid up shares of RIL that are traded on the bourses. On Friday, the fully-paid shares closed at Rs 1,589, up 3.3 per cent.

At the last closing price, the partly paid up