Reliance Infrastructure has received its board's approval to raise Rs 2,000 crore through a qualified institutional placement (QIP). The funds raised from the QIP would be utilized for capitalizing on business opportunities in the defence sector, for reduction of debt and for general corporate purposes.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
