Reliance Industries Ltd.

Reliance Industries (RIL) has achieved successful closure of India’s largest ever Rights Issue of Rs 53,124.20 crore. It was subscribed approximately 1.59 times, cumulating to an overall commitment of over Rs 84,000 crore. The Rights Issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign. The public portion of the Rights issue was subscribed 1.22 times.

The allotment of equity shares will happen on or about June 10, 2020. The rights shares are expected to be listed on the BSE and NSE on or around June 12, 2020 under separate ISIN.

RIL is India’s largest private sector company. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.