Reliance Industrial Investments Holdings Ltd. (RIIHL) plans to raise 13,900 crore rupees ($2 billion) via a rights issue.
Additionally, the projected capital would be raised in one or more tranches through non-cumulative optionally convertible preference shares.
Reliance Industrial Investments, an investment arm of Reliance Industries Ltd., is planning to use the proceeds from the rights issue for acquisitions and to meet its other funding requirements.
Annually Reliance Industries has annual revenues of more than $58 billion.