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What the Reliance rights issue entails for retail investors

city New Delhi India covid-19 testing 2020 crisis rights
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NEW DELHI: Reliance Industries' ability to withstand disruptions and unlock its value amid the covid-19 crisis makes the company's rights issue attractive for retail investors, according to analysts.

Mukesh Ambani-owned Reliance Industries' rights issue worth ₹53,125 crore will be open for subscription from 20 May to 3 June.

The issue has been priced at ₹1,257 per share. The terms of payment will be 25% on application and balance as decided by board at relevant time. “The pricing of rights issue at ₹1,257 per share is a very confident pricing as promoters will be subscribing to almost half of the issue and raise ₹26,000 crore for the company.

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COVID-19
United States
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Deaths: 750 423
Recovered: 0
India
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Deaths: 459 652
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Brazil
Brazil
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Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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