RIL rights issue opens on May 20

New Delhi: The Rs 53,125 crore rights issue of Mukesh Ambani’s Reliance Industries Limited (RIL) will open for subscription on May 20.

In a filing with the stock exchanges, RIL said the issue opening date is May 20 and the closing date is June 3.

This was approved by the Rights Issue Committee of the board of directors at a meeting held on Friday. The letter of offer will be filed with BSE, NSE and the Securities and Exchange Board of India (SEBI).