Reliance Industries Right Issue Detail

Reliance Industries Right Issue Open up today on May 20, 2020. The company has proposed to raise Rs. 53,125 Cr through this issue. The issue will close on Jun 3, 2020.

Detail of Reliance Industries Limited Right Issue

Reliance Industries Right Issue Detail
Issue Open  May 20, 2020- Jun 3, 2020 
Issue Type  Right Issue 
Issue Ratio  1 share for every 15 shares held 
Record Date May 14, 2020
Issue Size  Rs. 53,125 Cr 
Issue Price  Rs. 1257 per Share 
Payment Plan
25% or Rs. 314.25 upfront
25% or Rs. 314.25 on May 2021
50% or Rs. 628.50 on Nov 2021 

Promoter will subscribe to almost half of the right issue.

Investment Bankers to issue

Morgan Stanley, Kotak Mahindra Capital, JM Financial, Axis capital, ICICI Securities, Citigroup.

Objects of Right issue

To reduce the Debt of the company.

Reliance Industries Right Issue Prospectus Download

Reliance Right Entitlement Price – Rs. 212 as on May 20, 2020.

Review and Recommendation

Subscribe to the Right Issue as company is focusing on future driven digital platform and R. Jio which is expected to go listed in next few years.

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