RIL to consider rights issue on 30 April

Stock Market

Mumbai: Reliance Industries (RIL), in a regulatory submitting to the Bombay Stock Exchange, stated the corporate will consider rights issue on 30 April.

RIL has scheduled assembly of the Board of Directors on 30 April to consider and approve its standalone and consolidated audited monetary outcomes for the quarter and yr ended 31 March, 2020, suggest dividend on fairness shares of the corporate; and consider a proposal to issue fairness shares to current shareholders on rights foundation.

Rights issue is an possibility utilized by firms to elevate extra capital which can be required to meet their monetary obligations.

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