InvestorQ : Will LIC also be participating in the RIL rights issue?
Riya Dwivedi made post

Will LIC also be participating in the RIL rights issue?

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5 months ago
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RIL’s largest institutional investors, LIC, will invest around Rs.3000 crore in the Reliance’s ongoing rights issue. RIL’s massive Rs.53,125 crore rights issue opened for subscription on 20 May and closes on 02 June. LIC is likely to apply for over 2 crore shares of Reliance rights. This will be one of the largest investments by the insurer in any company’s rights issue so far. Currently, public shareholders hold 49.93% stake in RIL, of which LIC holds 6.01%.

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