The rights issue will be in the ratio of 1. Ril the oil to telecom conglomerate led by mukesh ambani said it will issue shares at rs 1 257 each a 14 discount to today s closing price. Reliance industries shares swung between gains and losses on tuesday a day after the oil to telecom conglomerate said it will consider a rights issue its first in almost 30 years this week.
Ex rights means the shares will be available for purchase without the benefit of rights issue shares at discount price from share price of reliance industries lost 4 43 to rs 1 430 compared to. The difference between the previous closing price of reliance industries at rs 1 408 9 and rights issue price of rs 1 257 per share. The previous close of ril re was rs 151 90 i e.
The rights issue price has been fixed at rs 1 257 per share of which 25 percent of the amount i e rs 314 25 will be paid by the investors at the time of application. The stock hit an intraday high of rs 710 65 and low of rs 671 55. Reliance industries rights issue shares opened at rs 690 per share in today s session on nse against the base price of rs 646.
