RIL recovers 6% from day's low; rights shares to list on June 15

The stock moved higher by 3 per cent to Rs 1,579, bouncing back 6 per cent from the day's low of Rs 1,495 on the BSE.

Shares of Reliance Industries (RIL) moved higher by 3 per cent to Rs 1,579, bouncing back 6 per cent from day’s low of Rs 1,495 on the BSE on Friday. RIL’s partly paid-up rights shares are set to debut on the bourses on Monday, June 15.

The company achieved successful closure of India’s largest-ever rights issue of Rs 53,124.20 crore. It was subscribed approximately 1.59 times, cumulating to an overall commitment of over Rs 84,000 crore.

“The rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign. The public portion