Home / Markets / News / RIL nears record high ahead of rights issue, zooms 84% from March low

RIL nears record high ahead of rights issue, zooms 84% from March low

The stock was trading close to its record high of Rs 1,618, touched on December 20, 2019

Premium

On April 30, RIL announced fundraising of Rs 53,125 crore by the way of a 1:15 rights issue

2 min read Last Updated : May 11 2020 | 9:53 AM IST

Shares of Reliance Industries (RIL) gained 3.4 per cent at Rs 1,615 on the BSE on Monday after the company fixed Thursday (May 14) as the record date for determining shareholders eligible to apply for its rights issue of Rs 53,125 crore. The stock was trading close to its record high of Rs 1,618, touched on December 20, 2019.

RIL had, on April 30, announced fundraising of Rs 53,125 crore by the way of a 1:15 rights issue, the first such issue by RIL in nearly three decades. One share will be offered for every 15 shares held at

Topics : Reliance Industries RIL Buzzing stocks Markets

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in