Reliance Infra : 07.06.2021

Reliance Infra : 07.06.2021

Reliance Infra

Reliance Infra to raise over Rs 550 cr at issue price of Rs 62/sh based on @SEBI India (ICDR) regulations
* Board approves preferential issue to promoters & Varde Investment Partners
• To raise over Rs 550 cr at issue price of Rs 62/sh based on SEBI (ICDR) regulations
• Funds raised to be utilised for long term resources
• Funds raised to be utilised for general corporate purposes
• Funds raised to be utilised to fund future growth and also to reduce debt
• Board approved seeking approval of co members for proposal via Postal Ballot