Mukesh Ambani’s Reliance Industries Ltd (RIL) has decided to come up with the mother of all rights issues, as it plans to raise Rs 53,125 crore to trim its net debt. For context, RIL’s rights issue will fetch the company
Domestic benchmark indices, S&P BSE Sensex and NSE Nifty-50, danced between gains and losses on Wednesday. After opening slightly higher than yesterday’s closing levels, S&P BSE Sensex swung into the red, down 270 points on
Mukesh Ambani’s Reliance Industries Ltd has decided to raise Rs 9,000 crore in non-convertible debentures to replace part of its high-cost rupee debt, taking advantage of the opportunity that has sprung up in the debt marke
The Mukesh Ambani-led RIL subsidiary Reliance Exploration & Production DMCC (REPDMCC), TOTAL and GAPCO have obtained requisite regulatory approvals, consents and successfully completed the sale transaction.
With RIL shares taking a beating on Sebi's penal action, the company today said it has a strong case against the regulatory order and there was no market manipulation by it on account of trades in cash and futures segments.