RIL raises Rs 2,587 cr via sale of treasury stocks

The company has sold 2.5 crore shares in the open market at an average price of Rs 1,035 a piece to Life Insurance Corporation, sources close to the development said.
A formal announcement by the company is expected anytime, sources added.

Treasury stock refers to shares of a company which are not issued to the public, as some are kept in the company's treasury to be used to create extra cash when needed.

The country's largest private sector firm had last year raised around Rs 3,188 crore rough sale of 1.50 crore treasury shares.

Shares of RIL were trading at Rs 1,074.65 on BSE in morning trade, down 1.46 per cent over the previous close

Assembly elections 2019 | Get the latest news, views and analysis on elections in Haryana and Maharashtra on DeccanHerald.com


For election-related news in Maharashtra, click here

For election-related news in Haryana, click here

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)