RIL Rights Issue Subscribed 1.6X | Atul Mehra To ET NOW
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Proud to have executed the largest cap market transaction in India. The RIL Rights issue unique in many ways, Rights entitlement trading, fully online conducted, size & scope & despite COVID. The Rights Issue was attractively priced; saw a good response at 1.6x. There was a sharp rally in RIL stock made rights pricing attractive eventually. Moreover, the part payment option made RIL rights investor friendly. There was a good response from institutional, HNI, retail category. The Rights issue was aimed at reducing debt and the stock price has rallied during the tenure of rights. Investors bullish on 'New RIL', as the proceeds will be used for debt reduction. So I won't be surprised if market rally continued; FIIs going from underweight to neutral, says Atul Mehra of JM Financials Watch! 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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