Reliance Infra raises Rs 550.56 cr via preferential allotment of securities || Hybiz tv

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Reliance Infrastructure Ltd on Monday said it 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 company said in a statement.”Consequent to approval from members, through postal ballot, Reliance Infrastructure Ltd (Reliance Infra) has today allotted 8.88 crore warrants convertible into equivalent number of equity shares of the company to Risee Infinity Private Ltd, a promoter group company and VFSI Holdings Pte Limited, an affiliate of Varde Investment Partners, LP,” the statement said.
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