Stocks

RIL fixes May 14 as record date for rights issue

Our Bureau Mumbai | Updated on May 10, 2020 Published on May 10, 2020

Reliance Industries Ltd (RIL) has fixed May 14 as the record date to determine the shareholders eligible to apply for its upcoming rights issue.

The company also had received in-principle approvals from BSE and the National Stock Exchange of India Ltd for the proposed rights issue. It has obtained International Securities Identification Number (ISIN), RIL said in a regulatory filing.

On April 30, RIL’s board had approved a rights issue of ₹53,125 crore in the ratio of 1:15 priced at ₹1,257 per share.

READ THE STORY: Reliance launches Rs 53,125 crore rights issue

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Published on May 10, 2020
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