Friday, May 1, 2020
Explanation about right issues of RELIANCE
Assume an Investor buy 15 shares of RIL @1464 to take advantage of right issue @1257
Right issue ratio is 15:1 means you can buy 1 shares if you you hold 15 shares in your portfolio
So before right issue your investment is 15x1464= 21960
You can buy buy 1 more @1257
Now your total investment is
21960+1257 = 23217
For total (15+1) 16 shares
So after buying right issue your average price of RIL is now
23217/16 = 1451
Means a benefit of roughly 13 rupees per shares
So we can avoid it
Labels: LEARN B4 YOU EARN
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