Page 8 - Reliance Infrastructure

RInfra crosses Rs 100 mark after a two-year gap, up 221% in two months

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

This Reliance Group stock has zoomed 62 per cent in four days

Reliance Industrial Infrastructure hit a new high of Rs 736.60, having rallied 19 per cent in intra-day trade on Tuesday

Reliance Power to raise Rs 1,325 cr from RInfra via preferential allotment

Reliance Infra stake to go up to 38% from 9%; more fund raising planned

Anil Ambani to raise stake in Reliance Infra via creeping acquisition

Family is likely to make a tender offer in the firm and invest another Rs 500 crore

RInfra seeks shareholders' nod to raise Rs 550 cr on preferential basis

Reliance Infrastructure (RInfra) has sought shareholders' approval to raise up to Rs 550.56 crore through issuance of shares on a preferential basis.

Reliance Infra, Reliance Power: Trading strategies for ADAG stocks

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

Rel Infra to raise Rs 550 cr from Anil Ambani group, Varde Investment

Of the total, Rs 400 crore will be invested by Anil Ambani group and the rest by Varde Partners

Reliance Infrastructure nears 2-year high; stock zooms 103% in a month

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

Reliance Infra sells HQ in Mumbai's Santacruz to YES Bank for Rs 1200 cr

The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank's debt.

Former Reliance Infrastructure CEO Lalit Jalan to head VC firm in India

Jalan has a career spanning over four decades in diverse sectors like finance, infrastructure, power, telecom, healthcare, defence and entertainment

Lalit Jalan, ex-CEO of Reliance Infra, joins as 3Lines India Chairman

The four-year-old firm based out of Denver, Colorado, invests in AI-enabled and disruptive software technology-based startup companies

Reliance Infra sells 74% stake in PKTCL worth Rs 900 cr to IndiGrid

The deal was announced in November 2020

RInfra completes sale of DA Toll Road to Cube Highways at EV of Rs 3,600 cr

Sale helps RInfra reduce its total debt liabilities by 20%

Reliance Infra completes Delhi-Agra toll road sale to Cube for Rs 3,600 cr

Reliance Infra on Friday announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore

RInfra, DHFL, Tanla Platforms and 384 other stocks hit upper circuit

Kothari Products, Oswal Greentech, Adhunik Ind, JP Ventures, Sical Logistics, Shemaroo Entertainment, Geojit Financial, Mawana Sugars, Hindustan National Glass were locked in 20% upper circuit.

IndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infra

India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam TransmissionCompanyfrom Reliance Infrastructure. "India Grid Trust has signed sharepurchase agreement on November 28th, 2020 for acquisition of 74 per centin Parbati Koldam TransmissionCompany Ltd(PKTCL) from Reliance Infrastructure Ltd," a BSE filing said. The completion of acquisition would dependupon receipt of relevant approvals and completion of contractual obligations, it added. According to filing, the implied enterprise value (for 100% equity shares) is Rs900 croreinclusive of cash & cash reserves andnormalised tariff receivables, subject to adjustments on account of movement in cash, deviation in outstandingdebt, tariff receivables, assets, liabilities outstanding. PKTCL was incorporated on September 2, 2002. PKTCLis joint venture between Reliance Infrastructure Limited (74%) and Power Grid Corporation of India Limited(26%). PKTCL operates 458 circuitkilometres

RInfra net loss at Rs 288 cr in June qtr, income declines to Rs 4,453 cr

The company said it has assets of over Rs 66,800 crore and net worth of Rs 9,500 crore

Tata Power to raise Rs 2,600 crore from Tata Sons via preferential issue

Tata Power board approves setting up of renewables InvIT

RInfra to be debt-free in FY21; firm to monetise assets: Anil Ambani

Ambani further said RInfra has around Rs 60,000 crore of receivables stuck in regulatory and arbitration matters which are pending for 5-10 years

Market Ahead, June 3: Top factors that could guide markets today

Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country