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