Reliance Infra plans series of measures to prune group debt by March

The Reserve Bank of India's action against Reliance Capital comes at a time when the Anil Ambani group was planning to make a comeback with the group company, Reliance Infrastructure, raising funds from the promoter family.  

As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family. A month earlier, Reliance Power, a listed subsidiary of Reliance Infrastructure, also raised funds from its parent by issuing preferential allotment of  shares thus increasing the stake of Reliance Infrastructure in the company.

Two other group companies, Reliance Communications and Reliance Naval & Engineering have