Reliance Industries announces successful closure of rights issue of Rs 53,124.20 cr
Capital MarketReliance Industries on 03 June 2020 announced that it has
achieved successful closure of India's largest ever Rights Issue of Rs. 53,124.20 crore. It was subscribed approximately 1.59 times, cumulating to an overall commitment of over Rs.84,000 crore. The Rights Issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign. The public
portion of the Rights issue was subscribed 1.22 times.
The allotment of equity shares will happen on or about 10 June 2020. The rights shares are expected to be listed on the BSE and NSE on or around 12 June 2020 under separate ISIN.
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