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Reliance Infrastructure will receive Rs 3,014 crore via preferential allotment. Promoters will contribute Rs 1,104 crore, with Mumbai-based firms adding Rs 1,910 crore.
Reliance Infrastructure Ltd is set to raise Rs 3,014 crore through a preferential allotment of shares, as part of a larger Rs 6,000 crore fund-raising plan. The company's promoters, along with two Mumbai-based investment firms, are leading this equity infusion. The promoters, through Risee Infinity Private Limited, will invest Rs 1,104 crore by subscribing to 4.60 crore shares at an issue price of Rs 240 per share.
Fortune Financial & Equities Services and Florintree Innovations LLP will contribute Rs 1,058 crore and Rs 852 crore, respectively. This will be achieved through the allotment of 7.96 crore shares, enhancing the firm’s financial base.
The share price for this preferential allotment remains fixed at Rs 240 per share, and the equity infusion is expected to boost Reliance Infra's operational strength.
Source – Economic Times
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