Mukesh Ambani gets 5.52 lakh shares in Reliance rights issue
4 years, 6 months ago

Mukesh Ambani gets 5.52 lakh shares in Reliance rights issue

India TV News  

Billionaire Mukesh Ambani has got 5.52 lakh shares of his flagship firm Reliance Industries in the just-concluded Rs 53,124 crore rights issue, according to the company's regulatory filing on Thursday. Ambani now holds 80.52 lakh shares or 0.12 per cent of RIL, up from 75 lakh shares held before the rights issue. In all, the promoter group got 22.50 crore shares in the rights issue, taking their shareholding in the firm to 50.29 per cent, marginally higher than 50.07 per cent earlier. "Pursuant to the board approval, the company had, vide letter of offer dated May 15, 2020, issued 42.26 crore equity shares of the face value of Rs 10 each to the eligible equity shareholders at an issue price of Rs 1,257 per rights equity share," the company said.

Rights Company Crore Issue Cent Lakh Shares Reliance Mukesh Ambani Equity Share Rights Equity Share  552  mukesh  equity  share  shares  issue  rights  crore  company  gets  cent  rs  lakh  ambani  reliance

History of this topic

Reliance Industries Share Price Today on 25-11-2024: Reliance Industries share price are up by 2.69%, Nifty up by 1.81%
Top News
1 month, 2 weeks ago

Reliance Industries Share Price Today on 25-11-2024: Reliance Industries share price are up by 2.69%, Nifty up by 1.81%

Live Mint  

Reliance Industries Share Price Today on 25-11-2024: At 25 Nov 11:26 today, Reliance Industries shares are trading at price ₹1300, 2.69% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Reliance AGM 2024: Mukesh Ambani says Reliance will consider issuing bonus shares in 1:1 ratio
4 months, 1 week ago

Reliance AGM 2024: Mukesh Ambani says Reliance will consider issuing bonus shares in 1:1 ratio

India TV News  

Reliance AGM 2024: Reliance Industries Chairman Mukesh Ambani on Thursday addressed the shareholders at the RIL AGM 2024 and said Reliance is truly blessed to make humble but crucial contribution to India. Mukesh Ambani said that the Reliance will be holding a board of directors meeting on September 5 to consider issuing bonus shares in the ratio of 1:1. We …

Upcoming IPO: Rekha Jhunjhunwala-Backed Bazaar Style Retail Submits Papers For Maiden Offer, Check Details
4 months, 2 weeks ago

Upcoming IPO: Rekha Jhunjhunwala-Backed Bazaar Style Retail Submits Papers For Maiden Offer, Check Details

ABP News  

Bazaar Style Retail, backed by Rekha Rakesh Jhunjhunwala, submitted the red herring prospectus with the Securities and Exchange Board of India for its initial public offering. The prospectus of the company showed that the maiden listing includes a fresh issue of equity shares worth Rs 148 crore and an offer-for-sale of 1.7 crore equity shares being sold by promoter group …

Ambanis: Asia’s richest family’s wealth is 10% of India’s GDP
4 months, 3 weeks ago

Ambanis: Asia’s richest family’s wealth is 10% of India’s GDP

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mukesh Ambani’s 29-year-old son Anant’s over-the-top wedding festivities started …

Reliance shares can create up to $100 billion wealth, Morgan Stanley predicts. Should you invest?
6 months, 1 week ago

Reliance shares can create up to $100 billion wealth, Morgan Stanley predicts. Should you invest?

Hindustan Times  

Morgan Stanley said that Reliance Industries Ltd can add up to $100 billion to it market capitalisation in its fourth monetisation cycle this century as new cash flow streams emerge and valuation multiples catch up. Investments made in new energy, retail expansion to take market share from the unorganised sector, and repurposing of existing energy businesses provide a long runway …

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore
10 months, 3 weeks ago

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore

Hindustan Times  

Mukesh Ambani-led Reliance Industries Limited became the first Indian company to achieve a market capitalisation of ₹20 lakh crore. Mukesh Ambani, chairman of Reliance Industries Limited, The market valuation of the company surged to ₹20,01,279.72 crore during the intra-day session and at close, the market capitalisation stood at ₹19,81,635.72 crore. On the NSE, shares of Reliance Industries rose nearly 1.89 …

Reliance share price at record high: What exactly is happening and why
11 months, 1 week ago

Reliance share price at record high: What exactly is happening and why

Hindustan Times  

Shares of Reliance Industries are trading at a record high today which has led to the stock crossing market capitalisation of ₹19 lakh crore for the first time. Reliance Share Price: Reliance Industries Chairman, and Managing Director Mukesh Ambani. With its market capitalisation crossing ₹19 lakh crore, Reliance Industries is the most valued company in the Indian stock market. This …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
11 months, 4 weeks ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

Ambani siblings to receive only a fee, no salary for board meetings, says Reliance
1 year, 3 months ago

Ambani siblings to receive only a fee, no salary for board meetings, says Reliance

Hindustan Times  

Billionaire Mukesh Ambani's three children as directors of Reliance Industries Ltd will be paid only a fee for attending board and committee meetings, the company said in a resolution seeking shareholder nod for their appointment on its board. Ambani, 66, had at the company's annual shareholders meeting last month announced that his three children Akash, Isha and Anant would be …

Ambani Scions Made Reliance Board Members
1 year, 4 months ago

Ambani Scions Made Reliance Board Members

Deccan Chronicle  

The Reliance Industries Limited held its 46th Annual General Meeting for its shareholders on Monday. Changes in Reliance Board Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board. Key Takeaways Jio Financial Services was mini bonus for long-term RIL …

RIL 46th AGM: Ambani scions to join Reliance board
1 year, 4 months ago

RIL 46th AGM: Ambani scions to join Reliance board

Live Mint  

On the 46th RIL AGM, Reliance Industries Ltd appointed Isha Ambani, Akash Ambani, and Anant Ambani as directors to the board of the oil-to-telecoms conglomerate. In an exchange filing, RIL informed shareholders on Monday, "The Board of Directors of RIL, at its meeting held today, on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to …

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani
1 year, 4 months ago

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani

Live Mint  

RIL AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani, stated that Reliance had created 2.6 lakh new employment in the previous year. Reliance Industries has cumulatively invested more than $150 billion in the last 10 years, said Chairman Mukesh Ambani. Reliance Industries Chairman Mukesh Ambani congratulated all the scientists of ISRO on the success of the Chandrayaan 3 mission. The …

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for 5 more years
1 year, 5 months ago

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for 5 more years

Hindustan Times  

Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary. In the special resolution posted to shareholders, Reliance said its Board of Directors on July 21, 2023 approved "re-appointed Mukesh …

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary
1 year, 5 months ago

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary

The Hindu  

Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. In a special resolution, Reliance sought the nod of shareholders to appoint Mr. Ambani as the head of the company …

Reliance seeks to extend Mukesh Ambani's term as chairman for 5 more years
1 year, 5 months ago

Reliance seeks to extend Mukesh Ambani's term as chairman for 5 more years

India TV News  

Reliance Industries Ltd has sought shareholders' nod to give Mukesh Ambani another five years as the Chairman and Managing Director of the company extending his tenure until 2029. Reliance sought nod of shareholders In the special resolution posted to shareholders, Reliance said its Board of Directors on July 21, 2023, approved "re-appointed Mukesh D. Ambani as Managing Director, for a …

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share
1 year, 5 months ago

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share

Hindustan Times  

The Mukesh Ambani-led Reliance Industries Limited on Thursday demerged its financial section Jio Financial Services Limited at a 1:1 ratio. After the special pre-opening session by the National Stock Exchange, RIL was valued at ₹2,580 and JFSL at ₹261.85 per share, much higher than what analysts predicted. Reliance Industries Limited logo On the Bombay Stick Exchange, which also conducted a …

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani
1 year, 10 months ago

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani

The Hindu  

Reliance Industries Ltd will invest ₹75,000 crore in rolling out 5G mobile telephone services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on February 10. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Mr. Ambani said his group will set up 10 GigaWatts of …

Mukesh Ambani completes 20 years at helm of Reliance
2 years ago

Mukesh Ambani completes 20 years at helm of Reliance

The Hindu  

Mukesh Ambani, who took over the reins of Reliance Industries Ltd after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. In 20 years that Stanford University-drop out Mr. Mukesh, 65, has been …

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore
2 years, 4 months ago

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore

News 18  

Reliance Industries Ltd has signed definitive agreements to acquire a 79.4 per cent stake in California-based solar energy management software developer SenseHawk Inc for a total transaction value of $32 million, including funding for future growth, commercial rollout of products, and R&D, according to a statement. “SenseHawk, along with RIL’s other investments in New Energy, will be synergistic and create …

Mukesh Ambani Draws No Salary In 2021-22, 2nd Such Year In A Row
2 years, 5 months ago

Mukesh Ambani Draws No Salary In 2021-22, 2nd Such Year In A Row

News 18  

Reliance Industries Ltd CMD Mukesh Ambani did not draw any salary from the company in the last financial year 2021-22, the second such year in a row. Earlier, Ambani has also his salary capped at Rs 15 crore since 2008-09, to set a personal example of moderation in managerial compensation levels. Ambani has kept salary, perquisites, allowances and commission together …

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details
2 years, 5 months ago

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details

Live Mint  

The 44th Annual General Meeting of Reliance Industries will take place on August 29, 2022. Billionaire Mukesh Ambani's RIL announced a 46% increase in net profit for the June quarter in July, thanks to record oil refining earnings as well as booming telecom and retail operations. According to a statement from the company, the oil, retail, and telecom conglomerate's consolidated …

RIL AGM 2021 highlights: 7 major takeaways from Mukesh Ambani’s speech
3 years, 6 months ago

RIL AGM 2021 highlights: 7 major takeaways from Mukesh Ambani’s speech

Live Mint  

Reliance Industries Limited, India’s most valuable company, apprised its investors of developments including its 5G rollout plan, a cheaper smartphone being developed with Google, and other initiatives for a greener future at its 44th Annual General Meeting. RIL AGM 2021: These are the major highlights Saudi Aramco deal to formalise this year Reliance Industries Ltd said on Thursday it hopes …

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani
3 years, 6 months ago

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani

Firstpost  

44th AGM of RIL: Reliance Industries raised $44.4 billion, the largest-ever capital raised by any company in a year globally, says Mukesh Ambani Reliance Industries Limited chairman Mukesh Ambani while addressing the 44th AGM of the company on Thursday said that even in a challenging environment, the company’s performance continued to be outstanding. As India’s largest enterprise, RIL’s contribution to …

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco
3 years, 6 months ago

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco

ABP News  

Reliance AGM 2021 HIGHLIGHTS: Billionaire Mukesh Ambani, Asia's most affluent, is addressing the shareholders at the 44th Annual General Meeting of Reliance Industries Limited, India's most valued firm by market capitalization, today virtually. Ambani, known for making big bang announcements during the AGM, is expected to cheer the shareholders with mega announcements in its core O2C business and the consumer-facing …

SEBI Imposes Rs 40 Crore Fine On Reliance Industries, Mukesh Ambani For Manipulative Trades In RPL
4 years ago

SEBI Imposes Rs 40 Crore Fine On Reliance Industries, Mukesh Ambani For Manipulative Trades In RPL

Live Law  

The Securities Exchange Board of India on Friday imposed a fine of Rs 25 crore on Reliance Industries and Rs 15 crore on its chairman, Mukesh Ambani, for manipulating shares of Reliance Petroleum Ltd in November 2007.The issue relates to manipulation during the sale and purchase of Reliance Petroluem Limited shares in the cash and the futures segments in November …

Govt Seeks EoIs for Sale of Pawan Hans Once Again, Shortlisted Bidders to be Intimated by February 17
4 years, 1 month ago

Govt Seeks EoIs for Sale of Pawan Hans Once Again, Shortlisted Bidders to be Intimated by February 17

News 18  

After repeated failed attempts to disinvest public sector helicopter service provider, Pawan Hans, the Central government has again initiated the process of its sale and has sought expressions of interest for the Mini Ratna company. Around 2,84,316 equity shares are held by the President of India, through Ministry of Civil Aviation, aggregating to 51 per cent of the total paid-up …

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale
4 years, 2 months ago

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale

India TV News  

Reliance Industries Ltd has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today. In a regulatory filing, Reliance Industries said: "Reliance Retail Ventures Limited, a subsidiary of the company, today received the subscription amount of Rs 5,550 crore from Alyssum Asia Holdings …

RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail
4 years, 3 months ago

RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail

India TV News  

Shares of Reliance Industries Ltd on Wednesday gained over 4 per cent after Reliance Retail Ventures Ltd raised Rs 5,512.50 crore from Abu Dhabi Investment Authority. Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority, taking the total fundraise to Rs 37,710 crore in less than four …

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks
4 years, 3 months ago

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks

News 18  

Abu Dhabi Investment Authority will invest Rs 5,512.5 crore in Mukesh Ambani-controlled Reliance Industries into its retail division, the latest in a string of such investments in recent weeks. “With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks,” the statement …

Reliance market cap hits ₹16-trillion mark
4 years, 3 months ago

Reliance market cap hits ₹16-trillion mark

Live Mint  

Reliance Industries Ltd briefly breached the ₹16 trillion market capitalization mark for the first time on Wednesday, as investors continued to buy the stock anticipating higher valuation in the wake of stake sales in its subsidiary Reliance Retail. On 9 September, California-based private equity fund Silver Lake picked up a 1.75% stake in Reliance Retail Ventures Ltd for ₹7,500 crore, …

Reliance's 43rd AGM today: Where to watch Mukesh Ambani’s speech
4 years, 5 months ago

Reliance's 43rd AGM today: Where to watch Mukesh Ambani’s speech

India TV News  

Reliance Industries, India's most valuable company, will hold its first online AGM today and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously. AGM will showcase multiple first on a real-time basis - including a two-way live streaming and a brand-new virtual platform that …

Reliance Industries shares rise over 2% ahead of 43rd AGM
4 years, 5 months ago

Reliance Industries shares rise over 2% ahead of 43rd AGM

India Today  

Shares of Reliance Industries Limited rose by over two per cent ahead of the company’s 43rd Annual General Meeting. India’s most valuable stock surged over 1 per cent in morning trade and has been climbing steadily as investors gear up for announcements in the AGM. Besides, RIL Chairman Mukesh Ambani is likely to speak on the future roadmap after the …

Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap
4 years, 6 months ago

Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap

India TV News  

Reliance Industries on Monday became the first Indian firm to hit a market valuation of USD 150 billion helped by a continuous rally in its share price. Reliance Industries on Friday became the first Indian company to cross the Rs 11 lakh crore market valuation mark. Its market valuation crossed Rs 11 lakh crore in the previous session as its …

Reliance Industries becomes debt-free after 11 financial investors pick up shares in Jio Platforms, rights issue subscribed 1.59 times
4 years, 6 months ago

Reliance Industries becomes debt-free after 11 financial investors pick up shares in Jio Platforms, rights issue subscribed 1.59 times

Firstpost  

RIL raised more than Rs 168,818 crore in just 58 days through Rs 115,693.95 crore collected from investors in Jio and another Rs 53,124.20 crore from a rights issue. With the Reliance Industries-owned Jio Platforms securing record investments from 11 of the world’s top financial investors within a span of nine weeks, the energy to telecom major announced on Friday …

RIL rights issue receives overwhelming response, raises over Rs 84,000 crore
4 years, 7 months ago

RIL rights issue receives overwhelming response, raises over Rs 84,000 crore

India Today  

Reliance Industries Limited’s mega rights issue has received an overwhelming response from investors and helped the company raise over Rs 84,000 crore. Commenting on the success of the rights issue, RIL Chairman Mukesh Ambani said, “I express my sincere thanks to our dear and esteemed shareholders for participating in this rights issue and making it a new and proud landmark …

RIL rights issue oversubscribed 1.1 times with 2 more days to go
4 years, 7 months ago

RIL rights issue oversubscribed 1.1 times with 2 more days to go

India TV News  

The Mukesh Ambani-led Reliance Industries has received a resounding response to its Rs 53,124 crore RIL rights issue. As per the issue subscription data on stock exchanges at 5 pm on June 1, the total bids received for RIL's Rights shares stood at 46.04 crores overshooting the 42.26 crore shares on offer by 8.9 percent. A LOOK AT KEY NUMBERS …

RIL’s mega rights issue subscribed 1.1 times
4 years, 7 months ago

RIL’s mega rights issue subscribed 1.1 times

Live Mint  

Mumbai: The mega ₹53,125-crore rights issue of country's most valued firm Reliance Industries Ltd was completely subscribed on Monday, two days ahead of the last day of the share sale. With the rights issue getting completely subscribed, RIL will move closer to its plans of becoming a zero net-debt company by March 2021. The rights issue, along with the multiple …

Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes
4 years, 7 months ago

Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes

Firstpost  

With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement on Wednesday closed with a 11 percent gain over the previous day Mumbai: With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement on Wednesday closed with a 11 percent gain over the previous …

Anant Ambani, Mukesh Ambani’s youngest son joins Jio Platforms as director, says 'Reliance meri jaan hai'
4 years, 7 months ago

Anant Ambani, Mukesh Ambani’s youngest son joins Jio Platforms as director, says 'Reliance meri jaan hai'

India TV News  

Anant Ambani, the youngest son of Mukesh Ambani, has formally joined the Reliance Industries's digital venture Jio Platforms as an additional director. Anant Ambani has been appointed as an additional director on the Jio Platforms board, with effect from 16 March 2020. On the other hand, his siblings — twins Akash and Isha Ambani — joined the boards of Reliance …

Reliance Industries Rights Entitlement shares command 7% premium over intrinsic value on Day 4
4 years, 7 months ago

Reliance Industries Rights Entitlement shares command 7% premium over intrinsic value on Day 4

Firstpost  

The de-materialised trading of Reliance Industries Ltd - Rights Entitlement continued to draw strong demand on day four on Tuesday with an average premium of more than 7 percent over the intrinsic value Mumbai: The de-materialised trading of Reliance Industries Ltd - Rights Entitlement continued to draw strong demand on day four on Tuesday with an average premium of more …

Reliance Industries rights issue ends in a week: 5 reasons why you should subscribe to it
4 years, 7 months ago

Reliance Industries rights issue ends in a week: 5 reasons why you should subscribe to it

India TV News  

Reliance Industries' Rs 53,125 crore mega rights issue opened for subscription by shareholders on Wednesday, it became the first issue where eligible shareholders got the rights entitlements in demat, which could be traded on stock exchanges. 5 reasons why you should apply for RIL rights issue At present, Reliance Industries is market leader in digital and retail business in India. …

Reliance Industries Rights Entitlement shares jump 16%; extends uptrend on second consecutive day
4 years, 7 months ago

Reliance Industries Rights Entitlement shares jump 16%; extends uptrend on second consecutive day

Firstpost  

De-materialised trading of Reliance Industries Ltd - Rights Entitlement continued to draw strong demand on day-two on the stock exchanges on Thursday, rising by nearly 28 percent in intra-day trading before closing with a gain of 15.6 percent Mumbai: De-materialised trading of Reliance Industries Ltd - Rights Entitlement continued to draw strong demand on day-two on the stock exchanges on …

A Guide for Reliance Shareholders in Navigating the Rights Issue
4 years, 7 months ago

A Guide for Reliance Shareholders in Navigating the Rights Issue

The Quint  

Normally the entire amount of the rights issue has to be paid at the time of subscription to the issue. This makes the shares partly paid up because the full amount has not been called on the issue. The existing shares of Reliance Industries are fully paid up shares and these should not be compared to the partly paid ones. …

Reliance Industries to use three-fourth of Rs 53,125-cr rights issue proceeds to repay debt
4 years, 7 months ago

Reliance Industries to use three-fourth of Rs 53,125-cr rights issue proceeds to repay debt

Firstpost  

Reliance Industries will use three-fourth of proceeds of its mega rights issue for repayment of some of its borrowings, according to offer document New Delhi: Reliance Industries will use three-fourth of proceeds of its mega rights issue for repayment of some of its borrowings, according to offer document. The company expects net proceeds of Rs 53,036.13 crore from the rights …

Reliance Industries' Rs 53,125-cr rights issue to open for subscription on 20 May, close 3 June
4 years, 7 months ago

Reliance Industries' Rs 53,125-cr rights issue to open for subscription on 20 May, close 3 June

Firstpost  

Reliance had earlier fixed 14 May as the record date for determining shareholders’ eligible to apply for the issue. New Delhi: Oil-to-telecom conglomerate Reliance Industries Ltd on Saturday said its mega Rs 53,125 crore rights issue will open for subscription of shareholders on 20 May and close on 3 June. Reliance Ind rights issue opens on May 20 and closes …

Should you invest in the rights issue of Reliance Industries?
4 years, 8 months ago

Should you invest in the rights issue of Reliance Industries?

Live Mint  

With an aim to bring down the company’s debt, Reliance Industries Ltd has come up with a rights issue offer, through which the conglomerate is planning to raise about ₹53,125 crore. While in case of a rights issue, a company may come out with a fresh batch of shares, but exclusively for the existing shareholders. However, after the announcement of …

Rights issue credit positive for Reliance Industries; to result in debt reduction: Moody's
4 years, 8 months ago

Rights issue credit positive for Reliance Industries; to result in debt reduction: Moody's

Firstpost  

Moody’s Investors Service on Monday said Reliance Industries’ Rs 53,100 crore rights issue is credit positive as earnings will decline because of economic shutdowns New Delhi: Moody’s Investors Service on Monday said Reliance Industries’ Rs 53,100 crore rights issue is credit positive as earnings will decline because of economic shutdowns. The proceeds from the rights issue will reduce RIL’s net …

Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target
4 years, 8 months ago

Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target

India TV News  

Billionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity. In an investor and media call post announcement of the company's fourth-quarter earnings, RIL's Joint Chief Financial Officer Srikanth Venkatachari said, "The zero net debt …

Reliance Industries to raise Rs 53,125 cr via India's biggest rights issue, first-time after 30 years
4 years, 8 months ago

Reliance Industries to raise Rs 53,125 cr via India's biggest rights issue, first-time after 30 years

Firstpost  

Billionaire Mukesh Ambani’s Reliance Industries Ltd on Thursday announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue in nearly three decades, as it steps up efforts to pare debt New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Thursday announced fund raising of Rs 53,125 crore by way of a 1:15 …

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