Ril Rights Issue
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Shareholders to pay 25% for subscribing to Reliance Industries Rs 53,125 cr right issue now, balance next year
•Oil-to-telecom conglomerate's Reliance Industries rights issue will open for subscription of shareholders on 20 May and will close on 3 June. One share will be offered for every 15 shares held at Rs 1,257.
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 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
Fp Staff •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.
Reliance Industries to consider first rights issue in three decades; company's board meets on Thursday
•India’s Reliance Industries Ltd said it will consider its first rights issue in almost 30 years when its board meets on Thursday, in another attempt to slash its debt