Reliance Industries' Rs. The Rs 53,125 crore right issue will open on May 20

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(Commercial Representative) Mumbai, 16 May 2020, Saturday

Reliance Industries Ltd's Rs 2,17 crore right shares issue will be closed on May 30, 2020 and will close on June 9, 2020.

The company's shares were ex-righted on Wednesday and holders will be entitled to these right shares as per the record date on Thursday. This right issue is the biggest in India. From oil to telecom, giant Reliance Industries said it was offering one share per share at a price of Rs 12 per share.

Shares of Reliance Industries rose 12 per cent to Rs 19.50 on Friday, despite a recent decline in the share price. The company said in its presentation that it has a track record of significant value creation for shareholders. Reliance Industries has a diversified business.

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