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RIL to finalise first rights offer in 29 years

Reliance Industries (RIL) is planning a rights issue — its first fund-raise from the general public in 29 years. The corporate has not disclosed the amount of money it plans to boost throughout the rights offer or some other information about it. RIL mentioned its board will meet on April 30 to “believe a suggestion to issue equity shares to current shareholders on rights basis”.

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