Reliance is getting frequent investments in RIL Jio – Facebook (₹43574 cr.), Silver Lake (₹5656 cr.) and Vista (₹11367 cr.) planning to invest in Reliance group as well with Fuel retailing JV with BP (₹7000 cr.) and stake buy plans of Saudi Aramco is also in the plan for coming months/year. As per the current scenario and by 2021 Reliance will be a debt-free company.
Reliance Rights Issue Dates & Price Band:
|Issue Open:||20 May 2020|
|Issue Close:||03 June 2020|
|Issue Size:||Approx ₹53125 Crore (Approx)|
|Face Value:||₹10 Per Equity Share|
|Price Band:||₹1257 Per Share|
|Listing on:||BSE & NSE|
Reliance Rights Issue Allotment & Listing:
|Issue Allotment Date:||10 June 2020|
|A credit of Shares:||11 June 2020|
|Listing Date:||12 June 2020|
Reliance Rights Issue Allotment done on 10-Jun and listing will be on 12-Jun. It will be a separate listing on indices Reliance and Reliance PP. Both the ISIN number will be tradable from 12-June.
Reliance Rights Issue How to Apply & Eligibility:
The current shareholders will be eligible for the Reliance Rights Issue. The inventors can apply through their Demat account holding. The last day to have the shares in your Demat account is 29 May 2020. As the current market price of Reliance Industries is in range of ₹1400-1500 with and it is looking very attractive at ₹1257. For investors its a rich opportunity to get the stock at a lower level against the current price. We can expect a GMP around 200-210 at the listing.