Reliance Industries to infuse another Rs 15,000 crore in Jio via rights issue
Mukesh Ambani-led Reliance Industries (RIL) is set to infuse another Rs 15,000 crore in its telecom arm Jio through a rights issue, which is expected to be completed in the next three months. The issue will increase the equity of Reliance Jio to Rs 60,000 crore from Rs 45,000 crore, making it one of the most capitalised telecom companies in India. The rights issue Rs 15,000 crore follows a similar... Read More