Reliance Industries Ltd’s (RIL) ₹53,125-crore rights issue, which is the country’s biggest, will open for subscription on May 20, and close on June 3.
The date of this was approved by the issue committee of the board in its meeting held on Friday, RIL said in a regulatory filing.
This is the first rights issue by RIL in nearly three decades. The rights issue is priced at ₹1,257 per share with share ratio of 1:15.
Further, in a presentation, RIL positioned itself as a technology and consumer company building on its three mega engines: Jio Digital Life, Reliance Retail and Reliance Oil-to-Chemicals (O2C).
