Reliance Industries Fixes May 14 As Record Date For Rights Issue

Billionaire Mukesh Ambani-led Reliance Industries on Saturday fixed May 14 as the record date for its Rs 53,125-crore rights issue. The decision was taken by the company's board at a meeting held on May 9. In a regulatory filing to the exchanges late on Saturday, Reliance Industries said that the company will notify the opening and closing dates for the rights issue separately. On April 30, Reliance Industries set a price of Rs 1,257...