Reliance Infra to raise ₹550 crore from promoters, VFSI Holdings to pare debt1 min read . Updated: 07 Jun 2021, 01:06 AM IST
- The funds raised would be utilised for long term resources, for general corporate purposes and to fund future growth as well as to reduce debt
Anil Ambani’s Reliance Infrastructure Ltd (RInfra) on Sunday said that its board has approved raising a sum of ₹550.56 crore by preferential allotment of up to 88.8 million shares and/or warrants convertible into shares of the company to promoter group and VFSI Holdings Pte. Ltd, an affiliate of Värde Investment Partners LP.
Select your Category