Shareholders to pay 25% for subscribing RIL's Rs 53,125-cr right issue now

One share will be offered for every 15 shares held at Rs 1,257, a 14 per cent discount to the closing price for April 30

Reliance Industries shareholders will have to pay only 25 per cent for subscribing to the company's mega Rs 53,125-crore rights issue, and the balance will have to be paid in two installments in May and November next year, the company said.

Oil-to-telecom conglomerate's rights issue will open for subscription of shareholders on May 20 and will close on June 3. One share will be offered for every 15 shares held at Rs 1,257.

Of the Rs 1,257 per share price, only 25 per cent is to be paid at the time of subscription. A similar amount will be due for payment in