All you want to know about Reliance Industries' rights issue

Reliance Industries Limited (the Company) has proposed issue of 42,26,26,894 equity shares of face value of Rs. 10 each (Rights Equity Shares) of rights basis (Rights Issue).

Ratio: 1 (one) Rights Equity Share for every 15 (fifteen) fully paid-up equity shares held by the eligible equity shareholders of the Company on the Record Date.

Record Date: Thursday, May 14, 2020

Issue Price: Rs. 1,257 per Rights Equity Share

Issue Size: Amount aggregating Rs. 53124,20,05,758/-

Amount Payable:

On Application - Rs. 314.25 (Face Value - Rs. 2.50, Premium - Rs. 311.75)

One or more subsequent calls as determined by the Board / Committee of the Board, from time to time - Rs. 942.75 (Face Value - Rs. 7.50, Premium - Rs. 935.25)

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1576.75 as compared to the previous close of Rs. 1561.8. The total number of shares traded during the day was 1066351 in over 37832 trades.

The stock hit an intraday high of Rs. 1614.85 and intraday low of 1572. The net turnover during the day was Rs. 1698496295.

Source : Equity Bulls

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