I-banks include Citi, Morgan Stanley, Kotak Mahindra Cap, Axis Cap, among othersShareholders of RIL will be offered one new share for every 15 held at ₹1,257 apiece Reliance Industries Ltd (RIL) has appointed nine investment banks for its planned ₹53,215 crore ($7 billion) rights issue, said three people aware of the development.
The banks appointed to manage India’s largest such share sale include foreign banks Citigroup and Morgan Stanley and domestic bankers Kotak Mahindra Capital, JM Financial Ltd, Axis Capital and ICICI Securities, the people cited above said on condition of anonymity.
As part of the proposed rights issue, shareholders of Reliance will be offered one new share for every 15 held at ₹1,257 apiece.