Jio stake deals, rights issue to reduce RILs net debt by more than half: Morgan Stanley
Intel Capital is 12th company to join taking total investment amount to Rs 1,17,588.45 crore against the 25.1 per cent of the total digital unit’s stake sold.
Intel Capital is 12th company to join taking total investment amount to Rs 1,17,588.45 crore against the 25.1 per cent of the total digital unit’s stake sold.
The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue.
On application, the shareholders will pay Rs 2.50 on face value and Rs 311.75 on premium, totalling to Rs 314.25 per rights equity share.
With this contribution, the promoters' stake in the country's largest telecom operator increased marginally to 71.57 per cent from 71.33 per cent.
