With this ril aims to raise. Eligible shareholders can apply for ril rights issue at 1 257 per share. Reliance industries had announced rights issue starting from may 20 through june 3.
Ril s investors can subscribe to the right to own one new share for every 15 held in. A rights issue is an invitation to existing shareholders to buy more shares at a discount to the market price. Typically cash strapped companies use rights issues to raise.
Reliance industries share price has since risen to 1 458 90 friday s closing price but rights issue price remains the same. So if a shareholder owns 150 shares on the record date she or he will get the chance to buy 10 right issue shares. Ril is offering one rights issue share for every 15 shares held by the shareholder.
Reliance re share price closed at rs 229 75 on the national stock exchange on may 28 up 14. Reliance industries rights entitlement re gained momentum ahead of its issue closing on may 29. The difference between ril s friday s closing price rs 1 588 80 and rights issue price.
The previous close price formula used by exchanges for ril partly paid up shares rs 646 05 rs 331 8 i e. Reliance industries reported a 31 jump in net. Investors who participated in the reliance industries rights issue to acquire the partly paid shares have only paid rs 314 per share so far.
The last day to have the shares in your demat account is 29 may 2020. The inventors can apply through their demat account holding. The current shareholders will be eligible for the reliance rights issue.
Reliance rights issue how to apply eligibility.
Reliance rights issue share price. India s most valuable company reliance industries ltd on thursday approved a rs 53 125 crore fundraising plan through a rights issue of equity shares. Ril said it will issue shares at a price. Reliance industries rights issue shares opened at rs 690 per share in today s session on nse against the base price of rs 646. The stock hit an intraday high of rs 710 65 and low of rs 671 55.
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. Ril said it will issue shares at a price.
India s most valuable company reliance industries ltd on thursday approved a rs 53 125 crore fundraising plan through a rights issue of equity shares.
