The record date for right issue of Reliance Industries is on 14th May and
you know what needs to be done as the rights issue is at a discount to
the prevailing price. We had suggested
buy Reliance stock when it was hovering below 900 and today it has crossed 1615 levels in just a matter of 45 days. We still remain bullish on the stock and all those who have the option must subscribe to the rights issue.
It is worthwhile to mention that
Jio is going to disrupt all industries in India and this is the reason that foreign investors are undertaking a beeline from Facebook to Saudi Arabia pension funds looking to invest in the Reliance group.
The details of the rights issue related to reliance are listed below. Just remember the day Jio will be listed will unlock the real value of the Reliance group.