Tuesday, 21 November 2017

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…

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