Reliance Infrastructure (RInfra) has received an approval for augmenting long term resources by issue of equity shares by way of Rights Issue to the existing shareholders and/or through Qualified Institutions Placement, for an amount up to Rs 3,000 crore. The board of directors at its meeting held on May 14, 2018 approved the same.
RInfra 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.
