RIL partly paid-up shares make strong debut, surge 10% to Rs 710.65 on NSE

RIL issued shares at Rs 1,257 apiece in the rights issue but the entire payment has to be paid in three tranches.

Reliance Industries' (RIL) partly-paid shares issued under rights issue made a strong stock market debut on Monday, surging 10 per cent to Rs 710.65 on the National Stock Exchange (NSE), in the early morning trade.

At 09:27 am, the shares were trading 7 per cent higher at Rs 693 on the NSE. On BSE, it was trading 7 per cent at Rs 692, after hitting a high of Rs 710.65 in the intra-day trade so far. A combined 1.7 million shares have changed hands on the NSE and BSE till the time of writing of this report.

About 442.6 million partly paid-up