Reliance rights issue closes | Harshvardhan Dole to ET NOW
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Reliance announced a flurry of share sales in subsidiary Jio Platforms to cut debt, has emerged as the highest fund-raiser through shares sale across all listed companies globally so far in 2020. Reliance Industries’ 53,124 crore rights issue — the largest such offering by a non-financial firm in the world in the past 10 years — was subscribed more than 1.3 times on the penultimate day of the offer. Harshvardhan Dole of IIFL gives his views on this situation. He says, ‘RIL’s debt was reducing sharply over 12-18 months. B2C will remain focus on the medium term. They should maintain target at Rs 1700/share on SOTP bases’. Listen in! 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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