{"id":357144,"date":"2020-06-13T11:19:54","date_gmt":"2020-06-13T05:49:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357144"},"modified":"2020-06-13T11:55:06","modified_gmt":"2020-06-13T06:25:06","slug":"mukesh-ambanis-stake-in-ril-at-12-year-high-after-rights-issue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambanis-stake-in-ril-at-12-year-high-after-rights-issue\/","title":{"rendered":"Mukesh Ambanis\u2019 stake in RIL at 12-year high after rights issue"},"content":{"rendered":"<p>Mumbai: Billionaire Mukesh Ambani has increased his stake in Reliance IndustriesNSE 3.32 % to a 12-year high of 49.14% after the conclusion of the firm\u2019s mega rights issue recently. Ambani and other members of the promoter family committed to invest 28,286 crore and subscribed to 225 million shares in the 53,124 crore issue.<\/p>\n<p>Regulatory filings show that the promoter family picked up additional shares from the unsubscribed portion of the issue raising their stake to nearly 50% of RIL\u2019s paid-up equity capital. <\/p>\n<p>\u201cIn uncertain times like this, a promoter infusing such a massive amount in his business gives a huge confidence to investors about his commitment to the company\u2019s future growth and will also boost investor sentiment,\u201d said Raamdeo Agrawal, chairman, Motilal Oswal Financial ServicesNSE 0.24 %.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Billionaire Mukesh Ambani has increased his stake in Reliance IndustriesNSE 3.32 % to a 12-year high of 49.14% after the conclusion of the firm\u2019s mega rights issue recently. Ambani and other members of the promoter family committed to invest 28,286 crore and subscribed to 225 million shares in the 53,124 crore issue. Regulatory filings show that the promoter family picked up additional shares from the unsubscribed portion of the issue raising their stake to nearly 50% of RIL\u2019s paid-up equity capital. \u201cIn uncertain times like this, a promoter infusing such a massive amount in his business gives a huge [&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":[130,191,136],"tags":[],"class_list":["post-357144","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\/357144","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=357144"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357144\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}