Reliance Infrastructure (RInfra) has raised Rs 550.56 crore through issuance of securities on preferential basis. Post allotment, the holding of the promoter group in Reliance Infra would increase to 22.06 per cent upon full conversion of warrants. The funds would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt.
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.
