Reliance Industries’ (RILs’) Rs 53,125-crore rights issue has garnered full subscription, the data provided by stock exchanges on Monday showed. The 422.6-million share offering had attracted bids for 460.5 million shares.
The rights issue closes on June 3. Shares of RIL closed at Rs 1,520 on Monday. The rights issue price is fixed at Rs 1,257, a discount of 17.3 per cent to the last closing price. RIL shareholders, as on May 14, or those who have acquired rights entitlement, are eligible to apply for shares in the rights issue.
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