Friday, 21 September 2018

Reliance Jio plans €4.2bn rights issue

By Nick Wood, Total Telecom
Monday 16 January 17

Indian mobile operator to plough funds into network upgrades as customer base tops 70 million.

Reliance Jio Infocomm on Monday revealed plans for a 300 billion rupee (€4.2 billion) rights issue, the proceeds of which will be spent on its mobile network. The company said it will issue 6 billion non-cumulative, optionally-convertible preference shares (OCPS) at INR10 per share in cash plus a premium of INR40 per share…

Reliance Jio Infocomm on Monday revealed plans for a 300 billion rupee (€4.2 billion) rights issue, the proceeds of which will be spent on its mobile network. The company said it will issue 6 billion non-cumulative, optionally-convertible preference shares (OCPS) at INR10 per share in cash plus a premium of INR40 per share…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry