The shareholders of Indian giant Reliance Industry Limited, who want to buy the rights entitlement under the rights issue, have only one chance today. RIL's rights issue is scheduled to close on June 3, but the sale of RE can be done only till Friday, May 29. The purchase of RE began on May 20. In the rights issue, one share is being offered from shareholders for 15 shares.
This rights issue brought by Reliance is the biggest rights issue in the country. This is a rights issue of Rs 53,125 crore. This rights issue is in the ratio of 1:15. That is, shareholders have one share for every 15 equity shares. This is at a price of Rs 1,257 per share. While on Friday afternoon, the company's stock was trending at Rs 1,463.25 on BSE. RIL has announced a rights issue for the first time in nearly 30 years.
Apart from this, in the rights issue of Reliance Industries Limited, only those shareholders of the company will be able to subscribe, who will buy the shares of the company before 13 May and also they should have the shares of the company by 14 May. To buy shares in this rights issue, shareholders will have to pay only 25 percent of the money at this time. After this, the shareholders will have to pay 25 percent in May 2021 and the remaining 50 percent in November 2021. The same, according to the stock exchange, has the highest trend in a day in RIL-RE on Thursday. Till the market closed on Thursday, a total of 3.4 crore shares were traded in the stock market under RIL-RE. On Thursday, a jump of 23 percent was also recorded in its price.
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