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Reliance Industries' rights entitlement surges 14% a day before close

Units worth nearly Rs 150 crore changed hands on the NSE and another Rs 554 crore on the BSE.

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Reliance Industries RIL | Sensex Reliance Industries | Mukesh Ambani

Samie Modak  |  Mumbai 

Reliance Industries’ rights entitlement (RIL RE) surged 14 per cent on Thursday to end at Rs 230 on the National Stock Exchange (NSE). The RIL RE trading window closes on Friday — three working days before the close of the company’s mega rights issue.

Units worth nearly Rs 150 crore changed hands on the NSE and another Rs 554 crore on the BSE. This is the first time trading in rights entitlement is taking place after market regulator Sebi introduced the concept in January. Investors buying one RIL RE will be eligible to apply for one share under the rights issue ...

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First Published: Thu, May 28 2020. 19:39 IST
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