Shareholders of Reliance Infrastructure have given the green light to a ₹6,000 crore fund-raising initiative, which will be carried out through a preferential issue and Qualified Institutional Placement (QIP). Reliance Infrastructure Shareholders Approve ₹6,000 Crore Fund-Raising Plan.
The first phase of the plan will see an investment of ₹3,014 crore, with significant contributions from the company’s promoters and two firms based in Mumbai. This capital infusion is expected to strengthen the company’s net worth and fuel its expansion in high-growth sectors.
