 "RIL Chairman Mukesh Ambani")
Reliance Industries (RIL) said on Monday that its board would consider a proposal to issue equity shares to existing shareholders on a rights basis, during its board meeting on Thursday.
Analysts see the move as a bid to help the firm achieve its zero-net debt target, if other stake sale plans get delayed.
In a statement to the BSE, RIL said the firm’s board will meet on Thursday to consider and approve its March 2020 quarter and FY20 results, recommend dividend on equity shares, and consider a proposal to issue equity shares to existing shareholders on a rights basis, as
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