Shareholders of RIL got a chance to cash in on the rights issue on 20th May, much before being allotted the new shares, or even the money moving out of their account.
Thanks to the new trading avenue introduced by the Sebi, eligible shareholders of RIL were able to trade their ‘rights entitlement’ (RE) for an attractive price.
Investors paid as much as Rs 212 to invest in the RE — akin to buying a permit to be eligible for participation in the Rs 53,125-crore rights issue.
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