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Reliance Industries-Rights Entitlement (RIL-RE) soared over 40% on day 1, taking the total with rights issue price over the actual RIL share price. Today, as of 10 AM, RIL-RE shares were trading 0.77 per cent lower to Rs 200.60 on NSE. At Wednesday’s closing, RIL-RE shares soared to Rs 214 on NSE, which was Rs 34 higher than the spread between Reliance Industries share price of Rs 1,437.40 and rights issue of Rs 1,257. Analysts Read More

Reliance Industries Limited (RIL) share price zoomed 2% on the initial hour of trade as the Rs 53,124 crore rights issue of the Mukesh Ambani-led company opened on Wednesday morning. The rights issue, biggest ever to enter the Indian equity markets, will remain open for eligible investors for 14 days and is expected to see positive response despite the troubled times that stock markets have seen in the past couple of months. RIL, India’s most Read More

The support measures announced by the central government for the financial sector as part of the Rs 21 lakh crore economic package might ease credit risk but will fail to achieve its ultimate goal of helping the sector dodge the impact of coronavirus, said Moody’s Investor Service. The rating agency discussed the Rs 3.70 lakh crore support package for the MSME sector, Rs 75,000 crore for the non-banking finance companies, and Rs 90,000 crore for Read More

Mukesh Ambani led Reliance Industries Ltd (RIL) is set to kick-off India’s biggest-ever rights issue as the company returns to the public for raising funds after a gap of three decades. RIL’s Rs 53,125 crore rights issue will open on May 20 and close on June 3 with the shares of the company being offered at Rs 1,2570 per share, a 14.8% discount from the current market price. RIL is offering one share for every Read More

Manappuram Finance share price surged as high as 7.23 per cent to hit a day’s high of Rs 131.90 apiece on BSE in Friday’s weak session. Manappuram Finance on Thursday posted a nearly 44 per cent rise in net profit at Rs 398.20 crore for the quarter ended on March 31. The company had posted a net profit of Rs 277.39 crore in the corresponding period of preceding fiscal. Manappuram Finance share price has risen Read More