Reliance Infrastructure is planning to raise long-term resources from domestic and/or global markets, inter alia, by issue of equity shares/equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/ or qualified institutional placement and/or rights issue or any other method. Infusion of fresh liquidity will enhance the company's financial flexibility and enable it to become a zero-debt company by March next year. The board of directors of the company is scheduled on June 6, 2021 inter alia, to consider and approve the same.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space such as Power, Roads, Metro Rail and Defence.
