 "Reliance, RIL,")
Reliance Industries (RIL) on Saturday said its 442.6-million share rights offer would remain open for subscription between May 20 and June 3. India’s most valuable firm is looking to raise Rs 53,125 crore in fresh capital through the rights issue. RIL will initially issue partly paid-up shares to raise Rs 13,250 crore and the balance will be raised later.
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights
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