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  1. #1
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    Join Date
    Mar 2009
    Lonley Planet

    Default Reliance Industries (RIL) Raises Rs.2,675 Cr From Sale Of Equity Shares

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    Reliance Industries (RIL) has raised Rs.2,675 crore through the sale of about 2.58 crore equity shares on Monday.

    Petroleum Trust sold the shares at Rs.1,035 per share, and the money will accrue to Reliance Industrial Investments and Holdings, which is a wholly-owned RIL subsidiary. "The financial impact will be reflected in the consolidated financial statements of the company," the company’s regulatory statement added.

    This is RIL's second sale of its shares. Earlier, the company had about Rs.3,188 crore through such a transaction in September last year.

    However, the RIL scrip was ruling 1.53% down at Rs.1,072.75 at the Bombay Stock Exchange on Monday noon.



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