As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family
Reliance Infrastructure in a BSE filing also said that Sandeep Khosla has been appointed as Chief Financial Officer (CFO) of the company.
At AGM, RInfra chief says Supreme Court upheld arbitral award favouring Delhi Airport Metro Express Pvt Ltd, an RInfra arm that once ran Delhi Airport Metro Line
When the deal is concluded, the company would become the discom with the highest green energy tie-ups, claimed company executives
Reliance Infrastructure had earlier said the funds would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt.
After approval from shareholders, through postal ballot, Reliance Power has allotted 59.50 crore equity shares and 73 crore warrants convertible to Reliance Infrastructure, a listed promoter company.
Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis
In the past one month, the stock of RInfra has rallied 105 per cent, as compared to a 1 per cent decline in the S&P BSE Sensex
Reliance Industrial Infrastructure hit a new high of Rs 736.60, having rallied 19 per cent in intra-day trade on Tuesday
Reliance Infra stake to go up to 38% from 9%; more fund raising planned
Family is likely to make a tender offer in the firm and invest another Rs 500 crore
Reliance Infrastructure (RInfra) has sought shareholders' approval to raise up to Rs 550.56 crore through issuance of shares on a preferential basis.
Despite a 50 per cent gain in May, Reliance Infrastructure continues to carry positive momentum. Now, the news of raising fund is likely to act as a positive catalyst in the near-term
Of the total, Rs 400 crore will be invested by Anil Ambani group and the rest by Varde Partners
RCapital (up 5% at Rs 13.37), RCom (up 10% at Rs 2.12), RPower (up 5% at Rs 8.68), Reliance Home (up 5% at Rs 2.73) and Reliance Naval (up 5% at Rs 3.20) from ADAG were locked in upper circuit
The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank's debt.
Jalan has a career spanning over four decades in diverse sectors like finance, infrastructure, power, telecom, healthcare, defence and entertainment
The four-year-old firm based out of Denver, Colorado, invests in AI-enabled and disruptive software technology-based startup companies
The deal was announced in November 2020
Sale helps RInfra reduce its total debt liabilities by 20%