{"id":352326,"date":"2020-05-21T10:17:50","date_gmt":"2020-05-21T04:47:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352326"},"modified":"2020-05-21T10:17:50","modified_gmt":"2020-05-21T04:47:50","slug":"ril-rights-entitlement-price-surges-40-on-strong-investor-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-rights-entitlement-price-surges-40-on-strong-investor-demand\/","title":{"rendered":"RIL rights entitlement price surges 40% on strong investor demand"},"content":{"rendered":"<p>Mumbai: Shares of Reliance Industries &#8211; Rights Entitlement (RIL &#8211; RE) climbed 40% on debut to widen the spread between the market price and rights issue of each Reliance Industries share, telling potential long-term investors that they should buy into India\u2019s most valuable company \u2013 especially because of the lower cash outgo immediately.<\/p>\n<p>RIL-RE rose to \u20b9212 at the end of Wednesday\u2019s trading on the NSE, which amounted to \u20b932 higher than the spread between RIL market price of \u20b91,437.40 and the rights issue price of \u20b91,257. The rights issue is part of the sequenced deleveraging programme that seeks to extinguish about \u20b91.60 lakh crore of net debt on the balance sheet.<\/p>\n<p>About 32 million shares of RIL-RE were traded on NSE and BSE, compared with 27 million shares of the parent RIL. Delivery of RIL-RE is a must, which means 32 million rights out of 422.6 million offered were subscribed on the first day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Shares of Reliance Industries &#8211; Rights Entitlement (RIL &#8211; RE) climbed 40% on debut to widen the spread between the market price and rights issue of each Reliance Industries share, telling potential long-term investors that they should buy into India\u2019s most valuable company \u2013 especially because of the lower cash outgo immediately. RIL-RE rose to \u20b9212 at the end of Wednesday\u2019s trading on the NSE, which amounted to \u20b932 higher than the spread between RIL market price of \u20b91,437.40 and the rights issue price of \u20b91,257. The rights issue is part of the sequenced deleveraging programme that seeks to [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-352326","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352326","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=352326"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352326\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}