Reliance Infrastructure to raise Rs 550 cr from promoters

08 Jun 2021 CW Team

On Sunday, Anil Ambani's Reliance Infrastructure Ltd said that its board members have approved raising a sum of Rs 550.56 crore by preferential allotment of around 88.8 million shares and warrants into shares of the company to the promoter VFSI Holdings Pvt Ltd, an affiliate of Varde Investment Partners LP.

The shares and warrants will be issued at Rs 62 per unit based on the Securities and Exchange Board of India (SEBI) regulations, the company said.

On Friday, shares of Reliance Infrastructure closed at Rs 69.85 apiece on the BSE.

The company is involved with developing projects through special purpose vehicles (SPVs) in many high growth sectors like power, roads and metro in the infrastructure space and defence sector.

It is a provider of engineering and construction (E&C) services for developing power, infrastructure, road and metro projects.

Through SPVs, it has also executed a portfolio of infrastructure projects like Mumbai's metro railroad project on build, own, operate, and transfer (BOOT) basis; nine road projects on a build, operate and transfer (BOT) basis.

Reliance Infrastructure has made a presence in Delhi's power distribution business. The company said that the promoters will invest Rs 400 crore as a part of this investment, and Varde Investment Partners will invest Rs 150 crore. Following the investment, the public investors will own 70% of the company, promoters will hold 23% of the company, while Varde with 7%.

It has been looking to monetize the company's assets to reduce its debt. It closed the sale of its Delhi-Agra toll road project in January to private equity investor I Squared Capital's Indian roads platform Cube Highways for an enterprise value of Rs 3,600 crore.

Image Source

Also read: Nuvoco Vistas Corp files DRHP for Rs 5,000 cr IPO

Also read: DLF rental arm raises Rs 2,500 cr in two LRDs

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..