+
 Reliance Infrastructure to raise Rs 550 cr from promoters
ECONOMY & POLICY

Reliance Infrastructure to raise Rs 550 cr from promoters

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 readDLF rental arm raises Rs 2,500 cr in two LRDs

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code