After many years, Reliance Industries Ltd (RIL) will be coming out with a rights issue for its shareholders. A board meeting to discuss this will be held on April 30, RIL informed the stock exchanges on Monday.
RIL said a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 30 to consider and approve the standalone and consolidated audited financial results of the Company for the quarter/year ended March 31, 2020.
It will also consider recommending a dividend on equity shares of the company and consider a proposal to issue equity shares to existing shareholders on rights basis, as may be permitted under applicable law, subject to such regulatory/statutory approvals, as may be required.
Source: CNBC TV 18