Reliance Infra to elevate over Rs. 550 crore thru preferential issue by admin- Wednesday, July 7th, 2021 04:09:04 PM
Shareholders of Reliance Infrastructure, thru postal poll, have permitted raising of price range as much as Rs. 550.56 crore with the aid of preferential allotment of up to 8.88 crore equity stocks and / or warrants convertible into equivalent range of fairness stocks of the company to promoters and VFSI Holdings Pte. Ltd, an affiliate of Varde Investment Partners, LP. The shareholders of Reliance Infra have also accredited raising of price range through issue of Foreign Currency Convertible Bonds (FCCB) up to 24% of the than fully diluted fairness proportion capital of the business enterprise.
The finances raised would be utilised for long time sources, for fashionable company functions and to fund future increase.