Ahead of its largest rights issue, Reliance Industries (RIL) on Friday said it is a ‘Made in India’, ‘Made for India’ and ‘Made by Indians’ company. The statement is in line with Prime Minister Narendra Modi’s call for the nation to turn self-reliant.
In a corporate presentation titled ‘New Reliance for a New India’, released on Friday, RIL termed itself as the best proxy for India’s consumption-driven and tech-propelled growth story. The company said it had always aligned its businesses with national goals and priorities for making India self-reliant, strong and prosperous.
The oil to telecom conglomerate is also preparing the ground for its rights issue, which, once fully paid for, will help it raise around Rs 53,125 crore. The company had earlier indicated that the rights issue could open on May 22, subject to approvals.
