Did the Government Help Reliance Industries Raise Rs 53,000 crore?
The recently-concluded rights issue of shares by Reliance Industries Limited would not have been possible were it not for the relaxation of a crucial rule by the Securities and Exchange Board of India a few days before the Mukesh Ambani-headed company declared that it would conduct the country’s biggest-ever rights issue to raise over Rs 53,000 crore. This is the sixth article in a series.
