Reliance Industries Limited (RIL) rights issue oversubscription reached 129.8 per cent with one day still to go. As per data, applications for 8.8 crore plus shares were received on Tuesday.
Dealogic has put together a list of USD 7 billion plus rights issues globally since the financial crisis of 2008. It shows that the RIL rights issue emerges as the world’s largest by any non-financial company in last 10 years. RIL’s Rs 53,124 crore rights issue, oversubscribed on Monday itself, received bids for another 8.8 crore shares on Tuesday taking cumulative demand to nearly 54.9 crore shares – an oversubscription of 130 per cent, according to stock exchange data.
