Mukesh Ambani-led Reliance Industries will raise Rs 53,215 crore through rights issue
Shortpedia
Content Team
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Mukesh Ambani-led Reliance Industries said that it will raise Rs 53,215 crore through a rights issue, the biggest equity fundraise ever seen in the Indian capital markets. Under the proposed rights issue, every shareholder will get a rights entity entitlement to subscribe to one equity share for every 15 shares of RIL they hold. The rights issue has been priced at Rs1,257, a discount of just over 14% on Thursday's closing price of Rs1,467.05 per share.
