RIL rights issue of Rs 53,125 crore to kick off on 20 May and close on 3 June

  • Post Author:
  • Post Category:Business
  • Post Comments:37 Comments
  • Post last modified:May 26, 2020
RIL rights issue of Rs 53,125 crore to kick off on 20 May and close on 3 June
  • RIL shareholders will be offered one new share for every 15 held at Rs 1,257 apiece under the issue
  • Rights issue is a part of RIL’s plan to become a debt-free company by March 2021

RIL announced on Saturday that it will kick off its Rs 53,125 crore rights issue on May 20 May. Reliance Industries shareholders will be offered one new share for every 15 held at Rs 1,257 a piece which is 13.83% less than LTP of Rs 1458.9 on BSE. The rights issue will close on 3 June.

Initially, shareholders subscribing to the rights issue will have to pay Rs 314.25 per share and the rest of Rs 942.75 in one or more subsequent calls as determined by Reliance Industries.

RIL rights issue is a part of its plan to become a debt-free company by March 2021, whose net debt was Rs 1.53 trillion on 31 December 2019. This is the first rights issue in the last three decades of the firm. Reliance Industries had earlier fixed 14 May as record date for determining shareholders eligibility to apply for the issue.

click here for more…

Spread the love

This Post Has 37 Comments

  1. Christen

    After I initially left a comment I seem to have clicked on the -Notify me
    when new comments are added- checkbox and from now on every
    time a comment is added I receive 4 emails with the exact same comment.
    Perhaps there is a means you are able to remove me from that service?
    Thanks a lot!

  2. Express Delivery

    I loved as much as you’ll receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.

    nonetheless, you command get got an shakiness over that you wish
    be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly very often inside case you shield this
    hike.

  3. Gabriela

    My family members every time say that I am killing my time here at net,
    however I know I am getting knowledge everyday by reading
    such nice articles or reviews.

  4. Rudolf

    Hi everyone, it’s my first pay a quick visit at this site, and article is actually
    fruitful designed for me, keep up posting these types of content.

  5. Excellent post. I was checking continuously this blog and I am impressed!
    Extremely useful info specially the last part 🙂 I care for such information a
    lot. I was looking for this certain information for a long time.
    Thank you and good luck.

    Feel free to visit my web-site Pure Keto Extra Ingredients

  6. oxygen sensor

    I’d like to find out more? I’d care to find out more details.

  7. This is really attention-grabbing, You’re an excessively skilled blogger.

    I have joined your rss feed and sit up for looking for more of your great post.
    Also, I’ve shared your site in my social networks!

    Feel free to visit my blog Soliderix Male Enhancement

  8. Wesley

    Today, I went to the beach front with my children. I found a sea shell and
    gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed.
    There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is entirely off topic but I had to
    tell someone!

  9. Hai

    Hi there, its fastidious post regarding media print, we all be familiar with media is a
    fantastic source of facts.

  10. elm software

    Having read this I thought it was really informative. I appreciate
    you finding the time and effort to put this information together.
    I once again find myself personally spending way too much time both reading and posting comments.
    But so what, it was still worth it!

  11. Great items from you, man. I have take into account your stuff previous to
    and you’re just extremely wonderful. I actually like what you have obtained here, really like what you’re stating and the way in which you
    say it. You’re making it enjoyable and you still care
    for to keep it smart. I can not wait to read much more from you.
    This is actually a great website.

  12. Way cool! Some very valid points! I appreciate you writing
    this post and also the rest of the site is also very good.

  13. Battery Equipment

    Hello, its nice paragraph concerning media print,
    we all be familiar with media is a fantastic source of
    data.

  14. Hey there, I think your site might be having browser compatibility issues.
    When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has
    some overlapping. I just wanted to give you
    a quick heads up! Other then that, great blog!

  15. I am curious to find out what blog system you’re working with?
    I’m having some minor security problems with my latest website and I would like to find something more safeguarded.
    Do you have any solutions?

  16. Gary

    Pretty nice post. I just stumbled upon your blog and wished to say that
    I’ve really enjoyed surfing around your blog posts.
    After all I’ll be subscribing to your feed and I hope you write again very soon!

  17. My brother suggested I may like this web site.
    He used to be entirely right. This submit truly made
    my day. You cann’t imagine simply how a lot time I had spent for
    this information! Thank you!

  18. Rashad

    Hi mates, how is the whole thing, and what you wish for to
    say regarding this paragraph, in my view its truly awesome in favor of me.

  19. Denis

    Thank you for some other informative web site. Where else may just
    I get that kind of info written in such a perfect means? I have a undertaking that
    I’m simply now running on, and I’ve been at the look out for such info.

  20. Marcela

    Excellent blog here! Also your website loads
    up fast! What host are you using? Can I get your affiliate link to your host?
    I wish my site loaded up as fast as yours lol

  21. Sherrie

    It’s a pity you don’t have a donate button! I’d certainly donate
    to this superb blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account.
    I look forward to new updates and will talk about this site with my Facebook
    group. Chat soon!

  22. An impressive share! I’ve just forwarded this onto a
    colleague who had been doing a little research on this.
    And he actually ordered me dinner due to the fact that I stumbled upon it for
    him… lol. So let me reword this…. Thank YOU for the meal!!
    But yeah, thanx for spending the time to discuss this
    topic here on your site.

  23. J0ulvouMRQvpvF

    875383 782938Really instructive and superb structure of articles, now thats user friendly (:. 622663

Leave a Reply