InvestorQ : Has Reliance Industries (RIL) completed the rights allotment to shareholders and when is it slated to listed?
Khushi Patel made post

Has Reliance Industries (RIL) completed the rights allotment to shareholders and when is it slated to listed?

Answer
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Anjana Aiyar answered.
3 months ago


The allotment for the rights issue of Rs.53,124 crore was completed on 11 June and the partly paid up shares will list on 12 June on the NSE and the BSE. The promoter group consisting of the Ambani family and interconnected holdings got a total allotment of 22.50 crore shares in the rights issue. As a result, the stake of the Ambani family post the rights issue has gone up marginally from 50.07% to 50.29%. LIC subscribed to 2.47 crore shares and now holds 37.18 crore shares in Reliance Industries. The public shareholders got allotment of 19.74 crore shares in all. The right shares were offered in the ratio of 1:15 at a price of Rs.1257; substantially lower than the market price. However, shareholders have only paid 25% of the amount on application and so the shares will trade as partly paid (PP) when it lists on 12 June.