Sunday, May 22, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Reliance Infra Board Approves Preferential Issue

Reliance Infra board approves preferential issue

By IANS
Published: Published Date - 10:30 PM, Sun - 6 June 21
The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt.

New Delhi: The Board of Directors of Reliance Infrastructure Ltd (RInfra) at its meeting held on Sunday has approved raising of funds up to Rs 550.56 crore by preferential allotment of up to 8.88 crore equity shares and/or warrants convertible into equivalent number of equity shares of the company to promoter group and VFSI Holdings, an affiliate of Varde Investment Partners LP.

The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt. The Board approved seeking approval of the members of the company for the above proposal through postal ballot.

RInfra, through its SPVs, has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis, and nine road projects on build, operate and transfer (BOT) basis. RInfra also has presence in power distribution business in Delhi.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • Reliance
  • Reliance Infra
  • Reliance Infra board
  • RInfra

Related News

  • Reliance terminates sub-lease of 950 Future stores

  • Reliance Retail begins rebranding of Future stores

  • Hyderabad sees robust retail growth, demand surpasses pre-pandemic levels

  • Jio working on ARM based Windows 10 JioBook

  • Reliance arm to acquire UK-based battery technology firm Faradion

  • Reliance is India’s most-visible corporate in media: Wizikey report

Latest News

  • 3 bodies found at flat in Vasant Vihar; police suspect suicide

    13 mins ago
  • 3 steps forward & 2 steps backward: Congress on excise duty cut on fuel

    13 mins ago
  • Why BJP needs Kashi and Mathura to stay in power

    28 mins ago
  • IIT-JEE to go global and be open to students from 25 nations, from US to Vietnam

    34 mins ago
  • Follow 1991 Act or risk another Babri Masjid-type situation, says Owaisi

    43 mins ago
  • Ten-man Leipzig secure comeback win over Freiburg to lift German Cup

    43 mins ago
  • IAF deploys choppers to rescue flood-affected people in Assam

    57 mins ago
  • 8 people killed in Uttar Pradesh road accident

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam