RIL Board took a decision to confirm its decision taken on November 9, 2006 to raise US$2 bln dollars to finance the capital expenditure plan for oil and gas business through External Commercial Borrowings by way of debt, to raise further equity by way of preferential issue of 12 crore warrants exercisable into equal number of equity shares of Rs.10 each of the Company to the Promoters as per SEBI guidelines for Preferential Issues, subject to shareholders approval and to appoint Dr. R.A. Mashelkar as an independent director on the Company's board, subject to necessary Government approvals.
26-Feb-07 
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