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Reliance Industries-RE shares rally 34% from opening levels on NSE

The REs for renunciation of RIL are permitted on the exchange with effect from today and closes on May 29, 2020.

Reliance, RIL,
premium

RIL shareholders will be able to apply for one share in the rights issue for every 15 shares held as on May 14.

SI Reporter Mumbai
Shares of Reliance Industries – Rights Entitlement (RIL-REL) moved higher by up to 34 per cent to Rs 211.60 level on the National Stock Exchange (NSE) on Wednesday on the first day of its trading. The stock opened at Rs 158.05 and hit an intra-day low of Rs 152 on the exchange so far.

At 12:25 pm, RIL-REL was trading 29 per cent higher at Rs 195.05 with around 22.82 million equity shares changing hands on the NSE, the exchange data shows.

"The REs for renunciation of RIL are permitted on the exchange with effect from the date