Reliance Infrastructure to raise over Rs 550 crore via preferential issue


The shareholders of Reliance Infrastructure, through postal ballot, have approved with overwhelming majority, the raising of funds upto Rs 550.56 crore by preferential allotment of upto 8.88 crore equity shares and / or warrants convertible into equivalent number of equity shares of the company to promoters and VFSI Holdings Pte. Limited, an affiliate of Varde Investment Partners, LP, company said in the release.

Reliance Infrastructure was quoting at Rs 79, down Rs 3.00, or 3.66 percent on the BSE.

News source:- Moneycontrol

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