Anil Ambani got good news before Diwali, got Rs 6000

Anil Ambani Reliance Infr / Anil Ambani got good news before Diwali, got Rs 6000

Anil Ambani Reliance Infr - Anil Ambani got good news before Diwali, got Rs 6000

Anil Ambani Reliance Infr: Things have started changing for Anil Ambani in the last few months, especially after his two major companies—Reliance Power and Reliance Infrastructure—became debt-free. This achievement is proving to be a turning point not only for the companies but also for Anil Ambani's business reputation. Now just before Diwali, another good news related to Reliance Infrastructure has come out, which has further increased the enthusiasm of the company's shareholders and investors.

Plan to raise Rs 6,000 crore

Reliance Infrastructure has announced a plan to raise Rs 6,000 crore after the approval of the shareholders. This amount will be raised through QIP (Qualified Institutional Placement). The company informed the stock market that more than 98% of the shareholders have voted in favor of this plan through postal ballot. Earlier, on September 19, the board of directors of Reliance Infrastructure approved this plan to raise Rs 6,000 crore, out of which Rs 3,014 crore is to be raised through preferential allotment and Rs 3,000 crore through QIP.

Investors got profit

In the last 6 months, the shares of Reliance Infrastructure have given a great return of about 40% to its investors. At the time of writing the news, the company's stock was trading around Rs 272, and it is expected that due to this new plan, the shares may rise further. On the other hand, Reliance Power has also given a return of 46% in the last 6 months, and its current share price is around Rs 41. This performance is an indication of the growing confidence of investors for Anil Ambani's companies.

Expansion plan

In the first phase, Reliance Infrastructure is going to raise Rs 3,014 crore by issuing 12.56 crore equity shares or convertible warrants at an issue price of Rs 240 per share. Under this plan, the promoters of Reliance Infrastructure will invest Rs 1,104 crore through the company Riji Infinity Private Limited, in which they will buy 4.60 crore shares. Apart from this, Mumbai-based Fortune Financial and Equities Services and Florintree Innovation LLP will also participate in this preferential issue. Florintree Innovation is owned by Matthew Cyriac, a former Blackstone executive, while Fortune Financial is owned by Nimish Shah.

Future prospects

The recent progress of Reliance Infrastructure and Reliance Power shows that the companies led by Anil Ambani are not only strengthening their financial position, but are also ready for the future. After becoming debt-free, the new plans and investments of the companies have further increased their expansion prospects. This also makes it clear that Anil Ambani is active in reviving his business, which can prove to be even more beneficial for investors in the coming days.

Finally, the approval of Reliance Infrastructure's shareholders' plan to raise Rs 6,000 crore is an important milestone for the company, which will help it take it to new levels.