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TraderRavi

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RIL fixes May 14 as record date for rights issue

The rights issue opening and closing dates will be informed separately.
The company has obtained in-principle approvals from BSE and the National Stock Exchange of India for the proposed rights issue of 42,26,26,894 equity shares, the oil-to-telecom behemoth said in a release.

At the end of March quarter, RIL had an outstanding debt of Rs 3,36,294 crore. It also had cash in hand of Rs 1,75,259 crore, bringing the net debt position to Rs 1,61,035 crore.

The rights issue is likely to help RIL achieve its zero-net-debt target by March 2021, even if there are delays in proceeds from Saudi Aramco and Facebook deals, as per ETIG calculations.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
 
RIL fixes May 14 as record date for rights issue

The rights issue opening and closing dates will be informed separately.
The company has obtained in-principle approvals from BSE and the National Stock Exchange of India for the proposed rights issue of 42,26,26,894 equity shares, the oil-to-telecom behemoth said in a release.

At the end of March quarter, RIL had an outstanding debt of Rs 3,36,294 crore. It also had cash in hand of Rs 1,75,259 crore, bringing the net debt position to Rs 1,61,035 crore.

The rights issue is likely to help RIL achieve its zero-net-debt target by March 2021, even if there are delays in proceeds from Saudi Aramco and Facebook deals, as per ETIG calculations.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
Any impact on market tomorrow or coming week?
14th May, record date means, open and closing of right issues should be well before 14th May?
 
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