New Delhi: Reliance<\/a> Industries will use three-fourth of proceeds of its mega rights issue<\/a> for repayment of some of its borrowings, according to offer document. 新德里消息:依赖行业将使用收益的大型四分之三配股为偿还部分借款,根据提供的文档。
The company expects net proceeds of Rs 53,036.13 crore from the rights issue<\/a> that opens on May 20 and closes on June 3.
Out of these, Rs 39,755.08 crore would go towards \"repayment\/ prepayment of all or a portion of certain borrowings availed by company,\" it said.
The remaining Rs 13,281.05 crore would be used for general corporate purposes.
Shareholders will have to pay only 25 per cent for subscribing to the company's mega Rs 53,125-crore rights issue, and the balance will have to be paid in two installments in May and November next year, the company said.
One share will be offered for every 15 shares held at Rs 1,257.
Of the Rs 1,257 per share price, only 25 per cent is to be paid at the time of subscription. A similar amount will be due for payment in May 2021 and the balance 50 per cent has to be paid in November 2021, the company said.
\"On Application, investors will have to pay Rs 314.25 per rights equity share, which constitutes 25 per cent of the issue price and the balance Rs 942.75 per rights equity share which constitutes 75 per cent of the issue price, will have to be paid, on one or more subsequent call(s),\" it said.
In May 2021, they will have to pay Rs 314.25, and balance Rs 628.50 is to be paid in November 2021.
The last date for shareholders wishing to do an on market renunciation is May 29.
Out of the net proceeds of Rs 53,036.13 crore, three-fourth will be used to repay\/repay either fully or partly the Rs 16,350 crore of commercial papers and Rs 36,213 crore of non-convertible debentures, the offer document said.
\"Our promoter and promoter group, by way of their letters dated May 15, 2020, have confirmed to subscribe to the full extent of their rights entitlements\" and any unsubscribed portion of the issue, the offer document said.
Billionaire Mukesh Ambani's firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue - India's biggest and first such issue by the firm in nearly three decades.
One share will be offered for every 15 shares held at Rs 1,257. Reliance<\/a> Industries' shares closed at Rs 1,408 on the BSE.
The last time RIL<\/a> tapped the public for funds was in 1991 when it had issued convertible debentures. The debentures were subsequently converted into equity shares at Rs 55 apiece.
Ambani had in August last year unveiled plans to cut debt to zero by 2021. As part of this plan, RIL has been seeking strategic partnerships across its businesses, while targeting to deleverage the balance sheet.
At the end of March quarter, RIL had an outstanding debt of Rs 3,36,294 crore. It also had cash in hand of Rs 1,75,259 crore, bringing the net debt position to Rs 1,61,035 crore.
As part of its balance sheet deleveraging plans, Reliance has sold a minority stake in its digital unit, Jio<\/a> Platforms to the likes of Facebook.
It is also talking to Saudi Aramco for selling a fifth of its oil-to-chemicals business for an asking of USD 15 billion and has sold half of its fuel retail venture to BP Plc for Rs 7,000 crore and telecommunication tower business to Brookfield for Rs 25,200 crore.
Together, proceeds from these transactions will result in a reduction in RIL's net debt.
<\/p><\/body>","next_sibling":[{"msid":75838547,"title":"Apple\u2019s most affordable iPhone may get cheaper: Report","entity_type":"ARTICLE","link":"\/news\/apples-most-affordable-iphone-may-get-cheaper-report\/75838547","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"75829090","title":"ril_bccl","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt\/ril_bccl","category_name":"Reliance to use 3\/4th of the rights issue to repay debt","synopsis":"Out of these, Rs 39,755.08 crore would go towards \"repayment\/ prepayment of all or a portion of certain borrowings availed by company,\" it said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-210538\/75829090.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt\/ril_bccl\/75829090"},{"msid":"75821353","title":"Reliance rights issue set to open: Key things to know before investing","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/ril-rights-issue-set-to-open-key-things-to-know-before-investing","category_name":"News","synopsis":"A rights issue is an instrument for a listed company to raise additional capital. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-67772\/75821353.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/ril-rights-issue-set-to-open-key-things-to-know-before-investing\/75821353"},{"msid":"75798471","title":"Shareholders to pay 25% for subscribing to RIL's right issue now, balance next year","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/shareholders-to-pay-25-for-subscribing-to-rils-rs-53125-crore-right-issue-now-balance-next-year","category_name":"News","synopsis":"Billionaire Mukesh Ambani's firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue - India's biggest and first such issue by the firm in nearly three decades. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-320843\/75798471.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/shareholders-to-pay-25-for-subscribing-to-rils-rs-53125-crore-right-issue-now-balance-next-year\/75798471"},{"msid":"75796587","title":"\u2018New Reliance\u2019 to be best proxy for new India\u2019s consumption, tech-driven growth story: RIL","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/new-reliance-to-be-best-proxy-for-new-indias-consumption-tech-driven-growth-story-ril","category_name":"News","synopsis":"RIL said technology-led growth will drive the next phase of value creation for the company","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-82974\/75796587.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/new-reliance-to-be-best-proxy-for-new-indias-consumption-tech-driven-growth-story-ril\/75796587"}],"msid":75838553,"entity_type":"ARTICLE","title":"Reliance to use 3\/4th of the rights issue to repay debt","synopsis":"The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3.","titleseo":"telecomnews\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":477,"shares":0,"engagementtimems":2060000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt\/articleshow\/75838553.cms"},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-05-20 08:20:28","lastupd":"2020-05-20 08:21:06","breadcrumbTags":["ril","rights issue","Jio","Reliance","Industry","market news","RIL rights issue","RIL debt"],"secinfo":{"seolocation":"telecomnews\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-05-20" data-index="article_1">
公司预计净收益的53036 .13卢比配股在5月20日,打开和关闭6月3日。
这些,39755。08卢比将用于“还款/预付全部或部分特定借款利用的公司,”它说。
剩下的13281 .05卢比将用于一般企业用途。
股东将不得不支付订阅公司的大型只有25%价值53125卢比的权利问题,和平衡将会在明年5月和11月两部分,该公司表示。
每股1257卢比的价格,只有25%是支付的订阅。类似的数量将在2021年5月到期付款,50%的平衡必须支付2021年11月,该公司表示。
”应用程序中,投资者将不得不支付314.25 Rs /权利股权份额,构成25%的发行价格和942.75 Rs /平衡权利普通股构成75%的发行价格,将不得不支付,随后在一个或多个调用(s),”它说。
2021年5月,他们将不得不支付314.25 Rs和平衡Rs 628.50是2021年11月支付。
最后日期为股东希望做一个市场放弃是5月29日。
的净收益53036 .13卢比,四分之三将用于偿还/偿还全部或部分商业报纸的16350卢比,36213卢比不可自由兑换的债券,提供文档表示。
“我们的启动子和启动子集团,他们的信件日期为5月15日,2020年,已确认订阅的全部权利权利”和任何unsubscribed部分的问题,提供文档表示。
亿万富翁穆凯什•安巴尼的公司已经在4月30日宣布融资53125卢比的1:15 -印度最大的权利问题,首次发行公司近三十年。
一股将提供每15股Rs 1257举行。依赖行业的股票收于Rs 1408年疯牛病。
最后一次瑞来斯利用公众基金在1991年发行的可转换债券。随后转化为债券股票以每股55卢比。
安巴尼在去年8月宣布,计划到2021年削减债务为零。作为这个计划的一部分,瑞来斯一直在寻求在其商业战略合作伙伴关系,同时针对去杠杆化资产负债表。
在3月底,瑞来斯的未偿债务Rs 36294卢比。它也有现金的Rs - 1, 75259卢比,将净债务状况Rs 61035卢比。
作为其资产负债表去杠杆化计划的一部分,依赖数字单位出售少数股权,JioFacebook平台。
也跟沙特阿拉伯国家石油公司出售五分之一的oil-to-chemicals业务的要求150亿美元,出售了一半的燃料零售风险为7000卢比英国石油公司(BP Plc)和电信塔业务为25200卢比布鲁克菲尔德。
在一起,这些交易将导致收益减少瑞来斯的净债务。
读到
New Delhi: Reliance<\/a> Industries will use three-fourth of proceeds of its mega rights issue<\/a> for repayment of some of its borrowings, according to offer document.
The company expects net proceeds of Rs 53,036.13 crore from the rights issue<\/a> that opens on May 20 and closes on June 3.
Out of these, Rs 39,755.08 crore would go towards \"repayment\/ prepayment of all or a portion of certain borrowings availed by company,\" it said.
The remaining Rs 13,281.05 crore would be used for general corporate purposes.
Shareholders will have to pay only 25 per cent for subscribing to the company's mega Rs 53,125-crore rights issue, and the balance will have to be paid in two installments in May and November next year, the company said.
One share will be offered for every 15 shares held at Rs 1,257.
Of the Rs 1,257 per share price, only 25 per cent is to be paid at the time of subscription. A similar amount will be due for payment in May 2021 and the balance 50 per cent has to be paid in November 2021, the company said.
\"On Application, investors will have to pay Rs 314.25 per rights equity share, which constitutes 25 per cent of the issue price and the balance Rs 942.75 per rights equity share which constitutes 75 per cent of the issue price, will have to be paid, on one or more subsequent call(s),\" it said.
In May 2021, they will have to pay Rs 314.25, and balance Rs 628.50 is to be paid in November 2021.
The last date for shareholders wishing to do an on market renunciation is May 29.
Out of the net proceeds of Rs 53,036.13 crore, three-fourth will be used to repay\/repay either fully or partly the Rs 16,350 crore of commercial papers and Rs 36,213 crore of non-convertible debentures, the offer document said.
\"Our promoter and promoter group, by way of their letters dated May 15, 2020, have confirmed to subscribe to the full extent of their rights entitlements\" and any unsubscribed portion of the issue, the offer document said.
Billionaire Mukesh Ambani's firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue - India's biggest and first such issue by the firm in nearly three decades.
One share will be offered for every 15 shares held at Rs 1,257. Reliance<\/a> Industries' shares closed at Rs 1,408 on the BSE.
The last time RIL<\/a> tapped the public for funds was in 1991 when it had issued convertible debentures. The debentures were subsequently converted into equity shares at Rs 55 apiece.
Ambani had in August last year unveiled plans to cut debt to zero by 2021. As part of this plan, RIL has been seeking strategic partnerships across its businesses, while targeting to deleverage the balance sheet.
At the end of March quarter, RIL had an outstanding debt of Rs 3,36,294 crore. It also had cash in hand of Rs 1,75,259 crore, bringing the net debt position to Rs 1,61,035 crore.
As part of its balance sheet deleveraging plans, Reliance has sold a minority stake in its digital unit, Jio<\/a> Platforms to the likes of Facebook.
It is also talking to Saudi Aramco for selling a fifth of its oil-to-chemicals business for an asking of USD 15 billion and has sold half of its fuel retail venture to BP Plc for Rs 7,000 crore and telecommunication tower business to Brookfield for Rs 25,200 crore.
Together, proceeds from these transactions will result in a reduction in RIL's net debt.
<\/p><\/body>","next_sibling":[{"msid":75838547,"title":"Apple\u2019s most affordable iPhone may get cheaper: Report","entity_type":"ARTICLE","link":"\/news\/apples-most-affordable-iphone-may-get-cheaper-report\/75838547","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"75829090","title":"ril_bccl","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt\/ril_bccl","category_name":"Reliance to use 3\/4th of the rights issue to repay debt","synopsis":"Out of these, Rs 39,755.08 crore would go towards \"repayment\/ prepayment of all or a portion of certain borrowings availed by company,\" it said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-210538\/75829090.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt\/ril_bccl\/75829090"},{"msid":"75821353","title":"Reliance rights issue set to open: Key things to know before investing","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/ril-rights-issue-set-to-open-key-things-to-know-before-investing","category_name":"News","synopsis":"A rights issue is an instrument for a listed company to raise additional capital. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-67772\/75821353.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/ril-rights-issue-set-to-open-key-things-to-know-before-investing\/75821353"},{"msid":"75798471","title":"Shareholders to pay 25% for subscribing to RIL's right issue now, balance next year","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/shareholders-to-pay-25-for-subscribing-to-rils-rs-53125-crore-right-issue-now-balance-next-year","category_name":"News","synopsis":"Billionaire Mukesh Ambani's firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue - India's biggest and first such issue by the firm in nearly three decades. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-320843\/75798471.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/shareholders-to-pay-25-for-subscribing-to-rils-rs-53125-crore-right-issue-now-balance-next-year\/75798471"},{"msid":"75796587","title":"\u2018New Reliance\u2019 to be best proxy for new India\u2019s consumption, tech-driven growth story: RIL","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/new-reliance-to-be-best-proxy-for-new-indias-consumption-tech-driven-growth-story-ril","category_name":"News","synopsis":"RIL said technology-led growth will drive the next phase of value creation for the company","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-82974\/75796587.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/new-reliance-to-be-best-proxy-for-new-indias-consumption-tech-driven-growth-story-ril\/75796587"}],"msid":75838553,"entity_type":"ARTICLE","title":"Reliance to use 3\/4th of the rights issue to repay debt","synopsis":"The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3.","titleseo":"telecomnews\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":477,"shares":0,"engagementtimems":2060000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt\/articleshow\/75838553.cms"},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-05-20 08:20:28","lastupd":"2020-05-20 08:21:06","breadcrumbTags":["ril","rights issue","Jio","Reliance","Industry","market news","RIL rights issue","RIL debt"],"secinfo":{"seolocation":"telecomnews\/reliance-to-use-3\/4th-of-the-rights-issue-to-repay-debt"}}" data-news_link="//www.iser-br.com/news/reliance-to-use-3/4th-of-the-rights-issue-to-repay-debt/75838553">