The Hindu Business Line : Poor response to RNRL's open offer

The Anil Dhirubhai Ambani Group's open offer for Reliance Natural Resources Ltd (RNRL) fetched only 6 lakh shares representing 0.03 per cent of the expanded equity capital of the latter.

The open offer closed on Monday. It had been made after the preferential issue of shares worth Rs 1,052 crore by RNRL to the ADAG group.

The open offer had been for 20 per cent of the expanded equity share capital, which would have been represented by 32.66 crore shares.

The shareholding of the ADAG group in RNRL now stands increased to approximately 55 per cent, said a statement from the group.

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