RELIANCE INDUSTRIES Stock tips
Reliance Industries will infuse another Rs 15,000 crore in its telecom arm Jio through a rights issue.
"We wish to inform you that the Board of Directors of the company at their meeting held on July 14 approved further issue of 1,500 crore equity shares of Rs 10 each aggregating to Rs 15,000 crore to the existing equity shareholders of the company on rights basis," the company said in a regulatory filing.
The issue is expected to be completed in the next three months.
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