Reliance Industries

Largest rights issue in Indian capital markets for INR 531.2 billion


Key Deal Highlights

  • Largest Rights Issue in the History of Indian Capital Markets
  • First Issue under new Rights Issue mechanism
  • First Issue post introduction of RE trading on stock exchange platform
  • First Issue of its kind by Reliance Industries in almost 30 years
  • First Rights Issue under online ASBA and RWAP facility


SBICAP has Brought to the Table the Entire Strength of SBI Group including, SBI Bank, SSL & SBI Wealth Management

  • SBICAP – Despite the challenging lockdown circumstances due to Covid, SBICAP through SBI Group network has extended full fledged support to the transaction and also adhered to the tight timelines 
  • SBI Bank – Enabled online ASBA platform within a quick turnaround time to facilitate ease of application for its 430mn+ customers and created awareness amongst its 20,000+ ASBA branches for the Issue
  • SBICAP Securities – Actively reached out to the eligible shareholders through its network of 100+ branches and played a key role in addressing investor queries
  • SBI Wealth Management – Played an important role in reaching out to HNI Clients through their Relationship Managers for the Rights Issue

Deal Summary

Rights Issue Size INR 531.2 Bn
Type of Rights Issue Fast Track Rights Issue
Rights Issue Price INR 1,257 per Rights Equity Share
Payment Schedule INR 314.25, i.e., 25% of the Issue Price on Application in May 2020
INR 314.25, i.e., 25% of the Issue Price in May 2021
INR 628.50, i.e., the balance 50% of the Issue Price in November 2021
Issue Opening Date Wednesday, May 20, 2020
Issue Closing Date Wednesday, June 3, 2020
Rights Ratio 1:15
Record Date Thursday, May 14, 2020
Last Date for Credit of Rights Entitlements Tuesday, May 19, 2020
Last Date For On Market Renunciation Friday, May 29, 2020

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