Reliance Industries To Raise Rs 53\,125 Crore Via Biggest Rights Issue

Reliance Industries To Raise Rs 53,125 Crore Via Biggest Rights Issue
Mukesh Ambani, chairman and managing director of Reliance Industries Ltd., center left, his daughter Isha Ambani, center right, and his wife Nita Ambani. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Industries To Raise Rs 53,125 Crore Via Biggest Rights Issue

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Reliance Industries Ltd. will raise close to Rs 53,125 crore via a rights issue, the biggest ever, as India’s most valued company looks to strengthen its balance sheet.The owner of the world’s larg...