Reliance Industries’ Rights Issue Becomes The Largest Offering In The Last Decade
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Reliance Industries’ Rs 53,124 crore rights issue closed today. Investors lapped up the issue and it was subscribed 1.6 times. What led to RIL’s rights issue being oversubscribed? It was the largest such offering by a non-financial firm in the world in the past 10 years. The price for this issue was set at Rs 1257 per share and investors were entitled to 1 share for every 15 shares. ET NOW’s Ajaya Sharma spoke to Atul Mehra, Managing Director, JM Fin Investment Banking to discuss what led to RIL’s rights issue being subscribed 1.6 times and the impact of it on the market. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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