{"id":349215,"date":"2020-05-02T10:48:08","date_gmt":"2020-05-02T05:18:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349215"},"modified":"2020-05-02T11:36:30","modified_gmt":"2020-05-02T06:06:30","slug":"reliance-industries-rights-issue-to-bolster-its-re-positioning-as-a-consumer-tech-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-rights-issue-to-bolster-its-re-positioning-as-a-consumer-tech-company\/","title":{"rendered":"Reliance Industries rights issue to bolster its re-positioning as a consumer, tech company"},"content":{"rendered":"<p>Reliance Industries Ltd (RIL) will open its \u20b953,215 crore rights issue \u2014 India\u2019s biggest yet \u2014 on May 22, aiming to bolster the re-positioning of the once energy- focussed giant as a consumer\/technology company, with Jio and Retail Platforms. <\/p>\n<p>Shareholders can pay 25 per cent on application, and balance in one or more calls. The rights issue is priced at \u20b91,257 per share. <\/p>\n<p>The \u201cglobal pandemic is reshaping the way the world lives and works,\u201d Reliance said in an analyst presentation. There will be visible acceleration in digital services and the heightened need for robust supply chain-led new commerce model. <\/p>\n<p>As new strategic investors participate in growth engines, the rights issue will reward existing shareholders enabling them to participate in consumer\/technology business value creation, according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL) will open its \u20b953,215 crore rights issue \u2014 India\u2019s biggest yet \u2014 on May 22, aiming to bolster the re-positioning of the once energy- focussed giant as a consumer\/technology company, with Jio and Retail Platforms. Shareholders can pay 25 per cent on application, and balance in one or more calls. The rights issue is priced at \u20b91,257 per share. The \u201cglobal pandemic is reshaping the way the world lives and works,\u201d Reliance said in an analyst presentation. There will be visible acceleration in digital services and the heightened need for robust supply chain-led new commerce model. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-349215","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349215"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349215\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}