Reliance Infrastructure (RInfra) is currently trading at Rs. 563.00, up by 6.50 points or 1.17% from its previous closing of Rs. 556.50 on the BSE.
The scrip opened at Rs. 556.50 and has touched a high and low of Rs. 564.75 and Rs. 556.50 respectively. So far 79582 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 635.35 on 09-Sep-2016 and a 52 week low of Rs. 426.45 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 589.25 and Rs. 552.15 respectively. The current market cap of the company is Rs. 14814.23 crore.
The promoters holding in the company stood at 49.65%, while institutions and non-institutions held 37.56% and 12.80% respectively.
RInfra is all set to hold roadshows for its Rs 2,000 crore Qualified Institutions Placement (QIP) issue by May. The company’s board has already given approval for the QIP. Shareholder consent is being sought through a postal ballot. Simultaneously, paperwork is also progressing well with the bankers. The company will use the raised amount for defence business, reduction of debt and other 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.
