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buy canada goose jacket The company proposed to raise Rs 53,125 crore through its biggest ever rights issue which will close on June 3, 2020, while the ratio is one rights issue share for every 15 equity shares held by existing shareholders as on record date (May 14). Rs 628.50 per share will be paid in November 2021 on call by the company at the relevant time.related newsStrategy in IT stocks: Booking profits after series of sharp upticks seems right nowIT space looking attractive! TCS and Tech Mahindra top long term buys: Reliance SecuritiesDalal Street Week Ahead: 10 key factors that will keep traders busy next weekAnalysts advise existing investors to subscribe to the rights issue given the current and expected healthy growth in Jio Platforms and Retail.”Availing rights just because the offer is at discount to market price is not the only parameter to consider,” he said, adding investors should also look at factors such as growth prospects and the reason behind the company’s decision to come out with a rights issue and so on.Vineeta Sharma, Head of Research at Narnolia Financial Advisors also advised investors to apply for shares in the rights issue.Experts feel the company’s consistent investment in lot of technology related firms, and big investment from lot of marquee investors recently in the Jio Platforms clearly indicated that company has been marching towards becoming a tech giant with the aim to move beyond normal telecom operations.Promoter and promoter group with 50.07 percent stake have pledged to buy the full extent of their entitlement and also subscribe to all unsold shares in the rights issue, which shows the promoters commitment and confidence in the company’s future growth prospects, Tapse said.Also its aim to become net debt free by March 31, 2021 will be achieved well before the deadline. This will strengthen the balance sheet of the company and is one of reasons that induced experts to advise investors to subscribe the rights issue.. buy canada goose jacket
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