Reliance Rights issue information-: Reliance gave relief to shareholders.
Procedure of Reliance right issue- The rights issue can be paid in three installments.
The company said that shareholders who bought shares in the rights issue would be able to pay the amount in three installments. In this, the balance can be deposited in two installments next year after 25% of the booking payment.
Reliance Industries Limited's (RIL) 53,255 million Rights issue will open on May 20 and will close on June 3. The applicant will have to pay a 25 percent amount of Right issue to be given at Rs. 1257 at the time of application.
Reliance sources said that the rights issue has been made attractive to the shareholders, keeping in view the cash shortage in the epidemic. For this reason, it was decided to take the entire amount in three installments in three years.
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