Reliance Industries shareholders will have to pay only 25 per cent for subscribing to the company’s mega Rs 53,125-crore rights issue, and the balance will have to be paid in two installments in May and November next year, the company said.
Oil-to-telecom conglomerate’s rights issue will open for subscription of shareholders on May 20 and will close on June 3. One share will be offered for every 15 shares held at Rs 1,257.
Of the Rs 1,257 per share price, only 25 per cent is to be paid at the time of subscription. A similar amount will be due for payment in May 2021 and the balance 50 per cent has to be paid in November 2021, the company said in a regulatory filing.
