 "Reliance, RIL,")
Shareholders of Reliance Industries (RIL) got a chance to cash in on the rights issue on Wednesday, much before being allotted the new shares, or even the money moving out of their account.
Thanks to the new trading avenue introduced by the Securities and Exchange Board of India (Sebi), eligible shareholders of RIL were able to trade their ‘rights entitlement’ (RE) for an attractive price.
Investors paid as much as Rs 212 to invest in the RE — akin to buying a permit to be eligible for participation in the Rs 53,125-crore rights issue.
Buying interest was huge, with nearly 32 million units
