Jio Facebook-partnership

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Reliance Industries rights issue opens today; here's all you need to know about biggest-ever fundraiser
Business

Reliance Industries rights issue opens today; here's all you need to know about biggest-ever fundraiser

Reliance Industries has already garnered Rs 67,195 crore through stake sale in Jio Platforms in four weeks ahead of its rights issue.

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

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

Reliance Industries will use three-fourth of proceeds of its mega rights issue for repayment of some of its borrowings, according to offer document

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

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

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

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

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

Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) 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

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
Business

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco

Reliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco

Reliance Industries Q4 results: Net profit at Rs 6,546 cr; announces India's biggest rights issue of Rs 53,125 cr
Business

Reliance Industries Q4 results: Net profit at Rs 6,546 cr; announces India's biggest rights issue of Rs 53,125 cr

Reliance Industries has declared a dividend of Rs 6.50 per equity share of Rs 10 each for the financial year ended 31 March, 2020.