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Reliance Industries successfully closes mega Rs53,125 crore rights issue with 1.6 times subscription

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The rights issue worth ₹53,125 crore was open for subscription from 20 May with a simultaneous rights entitlement platform, wherein for the first time ever, shareholders could freely trade their rights entitlement on a stock exchange The rights issue of Reliance Industries was subscribed 1.6 times as it closed on Wednesday.

The rights issue worth ₹53,125 crore was open for subscription from 20 May with a simultaneous rights entitlement (RIL RE) platform, wherein for the first time ever, shareholders could freely trade their rights entitlement on a stock exchange.

RIL's rights issue is the largest such share sale in the history of Indian equity capital markets. According to stock exchange data, the rights priced at ₹1,257 per share received

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