Reliance Jio to raise Rs 15,000 crore via preference Shares
The board of Reliance Jio Infocomm on Monday cleared raising Rs 15,000 crore via an issue of optionally convertible preference shares, replacing the rights issue for the same amount it had approved in July.
The board "has decided to make rights issue of 300,00,00,000 - 9% non-cumulative optionally convertible preference shares(OCPS) of Rs 10 each for cash, at a premium of Rs 40 per OCPS, aggregating to Rs 15,000 crore in substitution of the earlier rights issue of equity shares appr .
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The board of Reliance Jio Infocomm on Monday cleared raising Rs 15,000 crore via an issue of optionally convertible preference shares, replacing the rights issue for the same amount it had approved in July. 
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