Company intends to utilise the net proceeds from this rights issue towards repayment of all or a portion of certain borrowings (including commercial papers of Rs 16,350 crore, non-convertible debentures Rs 36,213 crore).
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The issue of equity shares opened for subscription on May 20 and closed on June 3, after receiving a robust response from shareholders. It was subscribed 1.59 times, cumulating to an overall commitment of over Rs 84,000 crore. The allotment of equity will take place on June 10
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") - Advertisements in newspapers in respect of matters relating to rights issue of equity shares of the Company ('Rights Issue')
We attach a copy of the media release issued by the Company, titled 'Overwhelming response to RIL'S Rights Issue of Rs. 53,124.20 crore; subscribed 1.59 times'.
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") - Advertisements in newspapers in respect of matters relating to rights issue of equity shares of the Company ('Rights Issue')
