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Reliance Industries ultra mega and quick rights issue after three decades is opening for subscription on 20.05.20 and will close on 03.06.20. The rights issue is at Rs. 1257 per share in the ratio of 1 share for every 15 shares held on the record date (i.e. 14.05.20) in the books of the company.

Shareholders selling their holding after the record date will get rights offer in the proportion of their holding. Many shareholders may opt for selling their rights portion from the existing holding in the secondary market to maintain their holding and leverage the holding price.