The Rs 53,125-crore rights issue of Mukesh Ambani’s Reliance Industries Limited (RIL) will open for subscription on May 20, the company said in a regulatory filling. The opening date of the issue is May 20 and closing date June 3, according to RIL.
The issue was approved by the Rights Issue Committee of the board of directors at a meeting held on Friday. The letter of offer will be filed with BSE, NSE and the Securities and Exchange Board of India (Sebi). The abridged letter of offer, application form of rights issue and rights entitlement letter will be sent to the eligible equity shareholders of the company.
