Reliance Industries rights issue oversubscribed 1.59 times

Reliance Industries Ltd on Wednesday completed the nation's biggest-ever rights issue of Rs 53,124 crore after it closed with an oversubscription of nearly 1.6 times, the company said. The world's biggest rights offering by a non-financial company in at least a decade was oversubscribed 1.59 times, cumulating to an overall commitment of over Rs 84,000 crore.

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