InvestorQ : How was the overall subscription to the Reliance Rights issue?
diksha shah made post

How was the overall subscription to the Reliance Rights issue?

Answer
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Rutuja Nigam answered.
3 months ago


It was a bumper response to a mega rights issue. The Reliance rights closed on June 03 with the book oversubscribed nearly 1.6 times. Against the rights issue size of Rs.53,100 crore, the company received bids worth Rs.84,000 crore. It may be recollected that RIL was the first to see such aggressive trading in Rights Entitlements (RE) window, which had closed on 29 May. Reliance recently raised Rs.78,500 crore by placing 17.5% stake with global PE and strategic investors like Facebook, Vista Equity Partners, Silver Lakes, General Atlantic Partners and KKR. While the rights size is Rs.53,100 crore only 25% is payable on application right now with the balance payable in June 2021 and November 2021 respectively.