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Reliance Industries: The company raised INR 1,15,694 crore

Jun 23, 2020

Blogging Universe

Business : In India, when the lockdown was imposed due to the coronavirus pandemic, Reliance Industries raised Rs 53,124.20 crore through a rights issue in just 58 days and Rs 1,15,693.95 crore by selling stake in Jio platform through 11 deals.

Reliance Industries: The company raised INR 1,15,694 crore

Chairman and managing director Mukesh Ambani said that the amount of money the company had raised in such a short time in both ways, like never before in the whole world. Never before has this happened in Indian corporate history. It is also special because this achievement has been achieved at a time when there was lockdown in the whole world.

Reliance Industries raised Rs 53,124.20 crore through a rights issue in just 58 days and Rs 1,15,693.95 crore by selling stake in Jio platform through 11 deals.

More News :

The company is going to hold its online annual general meeting on July 15 for the first time. The company said that due to diversified earnings and conservative balance sheets, Reliance Industries is in a better position to meet the current challenges. Ambani said that we are fully committed to the plan to invest in consumer business and new activities.

There is a big opportunity in front of us. The rights issue and various equity transactions will provide strength to the company and will enhance shareholders' wealth in the coming years.

Reliance Industries: The company raised INR 1,15,694 crore

Mukesh Ambani News

Piyush Verma

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