3 Point Analysis | RIL rights issue opens: What should investors do?

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Mukesh Ambani-owned Reliance Industries' mega rights issue has opened today that's on May 20 for the subscription for existing shareholders. This is not only RIL’s first rights issue in nearly 3 decades but also by far the biggest equity offering. India's biggest ever right issue has been priced at Rs 1,257 per share which had an ex-rights date on May 13, 2020. Moneycontrol's Sakshi Batra doe a 3 point analysis to understand how will it benefit the company and what should investors do?

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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moneycontrol
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Friends RIL will fall below 1200 after rights issue wait for that.

Praveen-pzxx
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Reliance is good for long term but people should wait for some more time. price will be reduced than rights issue price. Real impact of covid-19 in our economy will be seen in Q1 results.

dhandapanignanasekaran
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Present offer bit too high, RIL can go back to 700 -900 range after the rights.

jeymusworld