Reliance Infra shareholder approve ₹6,000 crore fund-raising plan
Reliance Infrastructure on Sunday said its shareholders have approved the company's plan to raise Rs 6,000 crore through the preferential issue of shares and qualified institutional placement (QIP) route.
Both proposals have received shareholders' approval, with over 98% voting in favor of the resolutions via postal ballot, the company said in a regulatory filing.
Reliance Infrastructure's board, on September 19, had approved a Rs 6,000-crore fundraising plan.
In the first phase, Reliance Infrastructure is launching the Rs 3,014 crore preferential placement by issuing 12.56 crore equity shares or convertible warrants at an issue price of Rs 240 per share.
Of this, Rs 1,104 crore will be invested by the promoters of Reliance Infrastructure through promoter company Risee Infinity Private Ltd. Risee will subscribe to 4.60 crore shares.
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