{"id":138421,"date":"2024-09-20T04:43:59","date_gmt":"2024-09-20T04:43:59","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/20\/anil-ambanis-reliance-infra-looks-to-raise-rs-6000-crore-times-of-india\/"},"modified":"2024-09-20T04:43:59","modified_gmt":"2024-09-20T04:43:59","slug":"anil-ambanis-reliance-infra-looks-to-raise-rs-6000-crore-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/20\/anil-ambanis-reliance-infra-looks-to-raise-rs-6000-crore-times-of-india\/","title":{"rendered":"Anil Ambani\u2019s Reliance Infra looks to raise Rs 6,000 crore &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/photo\/msid-113500869,imgsize-385513.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Anil Ambani\u2019s Reliance Infra looks to raise Rs 6,000 crore &#8211; Times of India\" title=\"Anil Ambani\u2019s Reliance Infra looks to raise Rs 6,000 crore &#8211; Times of India\" \/><\/div>\n<div>MUMBAI:Reliance Infrastructure, led by <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/anil-ambani\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Anil Ambani<\/a>, is seeking to raise Rs 6,014 crore to support its expansion plans. <br \/>The company will initially raise Rs 3,014 crore through a preferential issue, followed by an additional Rs 3,000 crore through a qualified institutional placement (QIP) transaction.<br \/>The preferential issue will see participation from <!-- -->Mathew Cyriac<!-- -->, a former Blackstone executive, through Florintree Innovation, and <!-- -->Nimish Shah<!-- -->, an equity investor, via Fortune Financial &amp; Equities Services.Together, they will invest Rs 1,200 crore for a minority stake in <!-- -->Reliance Infra<!-- -->. <br \/>Ambani, through Risee Infinity, which already holds a 16% stake in the company, will invest the remaining Rs 1,814 crore.<br \/>The funds raised through the preferential issue will be used to finance Reliance Infra&#8217;s growth plans, meet working capital requirements, and other purposes, the company stated in a regulatory notice. It has not yet decided whether to opt for an issuance of equity shares or convertible warrants.<br \/>Reliance Infra, with a market cap of Rs 11,280 crore and near-zero debt, operates in various sectors, including road projects, power distribution in Delhi, and defense equipment manufacturing in collaboration with Rafale. The preferential issue will augment the company&#8217;s networth to Rs 12,000 crore from Rs 9,000 crore, supporting its participation in high-growth sectors.<br \/>The proposed investments by Cyriac and Shah demonstrate their confidence in Reliance Infra&#8217;s potential and future prospects, while Ambani&#8217;s <!-- -->investment<!-- --> showcases his ongoing commitment to the company and belief in its growth story. The successful completion of the preferential issue and the potential QIP deal will further strengthen Reliance Infra&#8217;s financial position and provide the necessary flexibility to explore new opportunities.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The company will initially raise Rs 3,014 crore through a preferential issue, followed by an additional Rs 3,000 crore through a qualified institutional placement (QIP) transaction.The preferential issue will see participation from Mathew Cyriac, a former Blackstone [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":138422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-113500869,imgsize-385513.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[26392,6083,28590,289,1955,273,2360,382,110472,110471,4605,5989,110470,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/138421"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=138421"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/138421\/revisions"}],"predecessor-version":[{"id":138423,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/138421\/revisions\/138423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/138422"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=138421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=138421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=138421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}