This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares.
It is not a recommendation to buy RIL cum rights
It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights !
I’ll keep this short without going into the fundamentals of RIL Operations and future which in itself is quite another story
Adopt this simple Riskless Rights Investment Strategy as below if you’re concerned about what the future holds for Reliance and don’t wish to increase exposure by increasing your holdings through the Rights Issue ….well,if you’re deeply concerned you should not have been holding Reliance in the first place
This Strategy will reduce your Holding Cost of existing RIL shares by replacing 1:15 of your holding with the Rights entitled shares at a much lower Rs 1257/share to currently traded prices(see below)