Reliance Infrastructure’s board has approved raising up to Rs 550.56 crore through issuance of shares on a preferential basis. The funds raised would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt. The board of directors of the company at its meeting held on June 6, 2021 has approved 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.
