Market experts back RIL's rights issue, ask shareholder to participate

The partly paid up shares may trade at some discount in the interim

Even as the lockdown continues, majority of market experts advise that shareholders should participate in the country’s largest rights issue of India's most valuable company, Reliance Industries (RIL). Experts also believe that shareholders should not worry about liquidity and price discovery in the partly paid-up shares.

RIL, the oil-to-telecom major, plans to raise Rs 53,125 crore, through its rights offer, which opens May 20 and closes June 3.
This would help its debt reduction initiatives. In less than a month, RIL has cut four deals selling minority stakes in Jio Platforms to foreign investors and raised Rs 67,195 crore. Sunday's