How much could Reliance Industries raise through rights issue?

Reliance Industries could raise a maximum of $13.8 billion through the proposed rights issue if it issues fresh shares to the tune of 12 per cent at a discount of 5 per cent from the current market price, guesstimated Morgan Stanley. At a current $/rupee value, it could be around ₹1.05-lakh crore.

Reliance Industries on Monday said that its board will meet on April 30 (Thursday) to consider a proposal to issue equity shares to existing shareholders on rights basis. The board will also approve its standalone and consolidated audited financial results for the quarter and year ended March 31, 2020, and recommend dividend on equity shares of the company.