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| Name | How to apply to Reliance Rights Issue - A step by step video guide |
| Video Uploader | Video From Indian IPO Blog |
| Upload Date | This Video Uploaded At 20-05-2020 06:09:51 |
| Video Discription | Application can be made through ASBA or Registrar's website. Here's a detailed step by step guide with snapshots on how to apply Reliance Industries’ shares rights issue, its first in three decades, will open on May 20 and close on June 3. In a letter to shareholders, the company said that it will raise up to Rs 53,036.13 crore, of which Rs 39,755.08 crore would be used for paring debt. The company is offering one share at Rs 1,257 to existing shareholders for every 15 held in the company. The rights issue is a part of the company’s strategy of deleveraging its balance sheet to become a zero net debt. Besides the rights issue, the company has also announced four deals in the last month. The deals with General Atlantic, Vesta Equity Partners, Silver Lake, and Facebook, along with the closure of its Rs 7,000 crore stake sale to BP in the oil marketing joint venture will lead to a total cash infusion of over Rs 74,000 crore. The net debt of RIL was Rs 1.61 lakh crore as on March 31, 2020, and it plans to become net debt-free by March 2021. Here's an overview of how to apply to Reliance Industries Rights Issue The issue is open between May 20 and Jun 3, 2020 There are two ways to apply for Reliance Industries Rights Issue 1. Apply through ASBA section of your net banking account 2. Apply using https://rights.kfintech.com/ Some of our videos are available only to subscribed users. Hence, do subscribe if you haven't already: https://www.youtube.com/channel/UCpbBwoeKEAgF1Wyp0TJ1KPA |
| Category | News & Politics |
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