RIL rights entitlement price jumps for 2nd day, up 9%

Mumbai: Reliance Industries’ rights entitlement (RIL-RE) price soared 9 per cent in Thursday’s trade, in addition to a 40 per cent rally the previous day.

By 11 am, the spread between the market price and rights issue of each Reliance Industries share widened to Rs 220 on NSE, up 8.58 per cent.

On Wednesday, RIL-RE closed at Rs 212 on NSE, which was Rs 32 higher than the spread between Reliance Industries market price of 1,437.40.

This is first time in India that RE shares were allowed to trade after Sebi introduced this concept in January.