Reliance Industries mega rights issue oversubscribed 1.1 times

R Sinduja

News Editor
Image Credit: shortpedia

Reliance industries mega rights were over-subscribed 1.1 times, 2 days before the closing. As per the issue subscription data on stock exchanges, total bids received for RIL's rights shares stood at 46.04 crores. BSE has got applications for 44.85 crore right shares while NSE got for 0.57 crore. The oversubscription number means that shareholders applied for many more shares than their entitlements.