Tag: Industries

Reliance Industries Rs 53,125 crore rights issue to open on May 20

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Reliance Industries, the country’s largest listed entity by market capitalisation, has fixed the opening date for its rights issue in its board meeting on May 15.The largest ever rights issue of Rs 53,125 crore will open for subscription on May 20 and the closing date is June 3, 2020.Its Rights Issue Committee of the board…

Reliance Industries plans to buy e-pharmacy Netmeds

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BENGALURU: Mukesh Ambani‚Äôs Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce, said three sources familiar with the development. The deal may see Reliance, through one of its subsidiaries, pay $130-150 million for the asset, which may also include a fresh…

Reliance Industries ROCE could rise to 11% in 2 years: Morgan Stanley

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Reliance Industries’ after-tax return on capital employed is likely to rise to 11 per cent in two years from the current 7-8 per cent as margins rise on the back of an increase in telecom tariffs, Morgan Stanley said on December 10. “RIL strong stock outperformance has once again led investors to ask about what…