Anil Ambani's stunning comeback, Reliance Group secures massive Rs 176000000000 fund to...An additional Rs 6,000 crore will be raised through qualified institutional placement (QIP), with Reliance Power and Reliance Infrastructure each aiming for Rs 3,000 crore. Equipped with Rs 17,600 crore fundraising and a zero-debt status, Anil Ambani's Reliance Group companies - Reliance Infrastructure Ltd and Reliance Power Ltd - are poised to execute their growth strategies, according to officials. An additional Rs 6,000 crore will be raised through qualified institutional placement (QIP), with Reliance Power and Reliance Infrastructure each aiming for Rs 3,000 crore. According to stock exchange disclosures, both companies are raising Rs 4,500 crore through preferential issues of equity shares. In addition, Varde Partners is investing Rs 7,100 crore, through equity-linked foreign currency convertible bonds (FCCB).

Source: dna October 07, 2024 07:07 UTC