Reliance Industries rights shares trade at 40 per cent premium
At ₹53,125 crore, India’s biggest equity offering by Reliance Industries Ltd, in the form of a rights issue, opened on May 20. The rights entitlements (RE) for the issue closed at a 40 per cent premium.
The counter closed the day at ₹212 against the previous close of ₹151.
The difference between the closing price on Wednesday and rights issue price stood at ₹180.3. On Wednesday, RIL shares closed at ₹1,437.30. The rights issue price is ₹1,257.
The premium showed that investors were willing to pay a price above the issue price.
