MUMBAI: Anil Ambani‘s Reliance Infrastructure is seeking to increase Rs 6,014 crore to finance its enlargement plans. Within the first stage, it would increase Rs 3,014 crore via a preferential challenge, and within the subsequent stage, it would increase Rs 3,000 crore via a certified institutional placement (QIP) deal.
Former Blackstone honcho Mathew Cyriac and fairness investor Nimish Shah will make investments Rs 1,814 crore in Reliance Infra’s preferential challenge for a minority stake.Reliance Infra is elevating Rs 3,014 crore via a preferential allotment to finance its enlargement, meet its working capital necessities, amongst different functions.
Cyriac via Florintree Innovation and Shah through Fortune Monetary & Equities Companies will subscribe to Reliance Infra’s fairness shares or convertible warrants price Rs 1,814 crore, Whereas Ambani via Risee Infinity will subscribe to the stability Rs 1,814 crore securities. Risee Infinity already owns about 16% in Reliance Infra.
Reliance Infra is but to determine whether or not to go for an issuance of fairness shares or convertible warrants.
Former Blackstone honcho Mathew Cyriac and fairness investor Nimish Shah will make investments Rs 1,814 crore in Reliance Infra’s preferential challenge for a minority stake.Reliance Infra is elevating Rs 3,014 crore via a preferential allotment to finance its enlargement, meet its working capital necessities, amongst different functions.
Cyriac via Florintree Innovation and Shah through Fortune Monetary & Equities Companies will subscribe to Reliance Infra’s fairness shares or convertible warrants price Rs 1,814 crore, Whereas Ambani via Risee Infinity will subscribe to the stability Rs 1,814 crore securities. Risee Infinity already owns about 16% in Reliance Infra.
Reliance Infra is but to determine whether or not to go for an issuance of fairness shares or convertible warrants.
