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. 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. Ril stock has rallied 90 since april 1 however the partly paid share listed post the rs 53 000 crore right issue have performed even better since listing. On wednesday ril re closed at rs 212 on nse which was rs 32 higher than the spread between reliance.
By 11 am the spread between the market price and rights issue of each reliance industries share widened to rs 220 on nse up 8 58 per cent. Reliance industries rights entitlement price soared 9 per cent in thursday s trade in addition to a 40 per cent rally the previous day. 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. 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.
