Reliance Jio plans €4.2bn rights issue

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…read more on TotalTele.com »