Reliance Industries’ right shares to list on stock exchanges on Monday

TIL Desk/Business/Mumbai/ Reliance Industries’ shares offered in the just-concluded rights issue will be listed on stock exchanges on Monday, concluding the issue in just 42 days. “Effective from Monday, June 15, 2020, the new securities of Reliance Industries Ltd (Scrip Code: 890147) shall be listed and permitted to trade on the Exchange in the list of ‘A’ Group of Securities,” BSE said.

RIL completed the allotment of partly paid-up shares to the demat accounts of its shareholders on June 11 under the recently concluded rights issue, the company had informed the stock exchanges on Thursday.

The rights issue reached from announcement to allotment within just 42 days entirely on a digital platform, defying the constraints of the COVID-19 induced lockdown. RIL’s Rs 53,124 crore rights issue was India’s largest-ever rights issue. It was also the world’s largest rights issue by a non-financial institution in the last ten years.