Total Rs 78,562 crore invested in recent weeks that value Jio Platforms for an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion
Investors paid as much as Rs 212 to trade their 'rights entitlement' for an attractive price
The company will gradually expand to other tele-medicine ecosystems like e-pharmacy, health check-ups and healthcare related service
Reliance Industries will be in focus today as its mega rights issue opens today and closes on June 3
Here are the top 10 headlines on Wednesday morning
The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings
First issue since introduction of trading platform that allows eligible shareholders to sell their entitlement
The company listed the pandemic as internal risks in its letter of offer for its upcoming rights issue.
From shareholders set to pay 25 per cent for subscribing to RIL's mega Rs 53,125-crore rights issue to layoffs at Swiggy, here are top stories of the day
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
The stock of Reliance Industries has corrected from the peak of Rs 1,600 and is currently showing signs of reversal bottoming our near Rs 1,415 levels
The partly paid up shares may trade at some discount in the interim
According an analysis done by a brokerage, RIL has become the most important stock in the blue-chip indices after nearly a decade
Jio Platforms has raised Rs 67,194.75 crore from leading technology investors, including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic, in less than four weeks
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459
Around 50 companies including the likes of Maruti Suzuki, Nestle, Dr Reddy's Labs, Biocon, and Bandhan Bank are scheduled to announce their March quarter results.
Mukesh Ambani's firm had on April 30 announced fundraising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue by RIL in nearly three decades
The deal could be completed as soon as this month, though no agreement has been finalised and plans may change
In all, these three entities have added Rs 5.8 trillion to their m-cap during the period, against a Rs 11.3-trillion rise in the incremental m-cap of all 30 Sensex companies