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Shareholders to pay 25% for subscribing to RIL's right issue now, balance next year
May 18, 2020 | By The Times of India
business
Billionaire Mukesh Ambani's firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue - India's biggest and first such issue by the firm in nearly three decades.
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New Delhi: Reliance Industries shareholders will have to pay only 25 per cent for subscribing to the company's mega Rs 53,125-crore rights issue, and the balance will have to be paid in two installments in May and November next year, the company said. Oil-to-
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