RIL will issue one share at Rs 1,257 to existing shareholders for every 15 shares held by them in the company. Shareholders will have to pay Rs 314.25 per share at the time of application and the balance Rs 942.75 will have to be paid at a later stage. Of the Rs 942.75, another 25% (Rs 314.25) will have to be paid by next May and 50% (Rs 628.50) by November.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3bDp3BS
