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Mukesh Ambani’s Reliance Industries’ rights issue opens today: All about India’s biggest fundraiser
May 19, 2020 | By Hindustantimes.com
business
The Mukesh Ambani-led RIL had set a price of Rs 1,257 per share for the rights issue with a ratio of 1:15 on April 30. This means one RIL share will be offered for every 15 shares held at Rs 1,257 or a 14% discount to the closing price on April 30.
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Reliance Industries Ltd’s Rs 53,125-crore shares rights issue, the first of its kind in almost 30 years, will open for subscription of shareholders on Wednesday and close on June 3. The Mukesh Ambani-led company had set a price of Rs 1,257 per share for the
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