Reliance Infrastructure (RInfra) has received approval from shareholders for raising funds to Rs 550.56 crore through issuance of shares on a preferential basis. The funds raised would be utilized for long-term resources, for general corporate purposes and to fund future growth.
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.
