InvestorQ : What would be the opening and closing dates for the Reliance Rights issue?
indhumathi Sayani made post

What would be the opening and closing dates for the Reliance Rights issue?

Answer
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Riya Dwivedi answered.
3 months ago


Reliance Industries has announced the opening and closing dates for the rights issue. The rights will open for subscription on May 20 in its board meeting on May 20 and close subscription on June 03. Now the Letter of Offer will be filed with BSE, National Stock Exchange of India and Securities and Exchange Board of India. This is the first rights issue by Reliance Industries after 1991. The rights issue was approved on April 30 at a price of Rs. 1257 per share. The terms of payment will be 25% on application and balance in one or more calls. At the time of application, shareholders will pay Rs.314.25 per rights equity share (face value Rs 2.50 + premium Rs 311.75). The rights entitlement ratio is 1 equity share for every 15 equity shares held by eligible shareholders as on the record date which was May 14. Fractional additional shares will not be considered for entitlement. The stock is already up by 70% since the lows of March 2020.


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Pawan Kumar answered.
3 months ago


The Rs 53,125-crore rights issue of Mukesh Ambani's Reliance Industries Limited (RIL) will open for subscription on May 20, the company said in a regulatory filling. The opening date of the issue is May 20 and closing date June 3, according to RIL. The issue was approved by the Rights Issue Committee of the board of directors at a meeting held on Friday. The letter of offer will be filed with BSE, NSE and the Securities and Exchange Board of India (Sebi). The abridged letter of offer, application form of rights issue and rights entitlement letter will be sent to the eligible equity shareholders of the company.

This is the first rights issue by RIL in nearly three decades. It will be priced at Rs 1,257 a share, with a share ratio of 1:15. The issue amount is Rs 53,125 crore.


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Roshni Hegde answered.
3 months ago


This is the ever first announcement of the right issue by Reliance Industries in almost three decades. As per the reports, a share will be priced at Rs 1,257 in the ratio of 1:15 (one rights share for every 15 shares held). The sum amount of this issue is Rs 53,125 crore. Right issue will be open for subscription from May 20 to June 3.