Reliance Industries Ltd on Wednesday completed the nation’s biggest-ever rights issue of Rs 53,124 crore after it closed with an oversubscription of nearly 1.6 times, the company said.
The world’s biggest rights offering by a non-financial company in at least a decade was oversubscribed 1.59 times, cumulating to an overall commitment of over Rs 84,000 crore.
“The Rights Issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign,” a company statement said.
The public portion of the rights issue was subscribed 1.22 times.
In the rights issue, the company is offering one share for every 15 shares held at Rs 1,257. RIL shares closed at Rs 1,542.45 apiece on the BSE on Wednesday.
