Shares of Reliance Infrastructure (RELINFRA), owned by Anil Ambani, surged 8.59% to ₹309.35 at 9:28 AM today, following the company’s announcement to raise up to ₹6,000 crore through a combination of Qualified Institutional Placement (QIP) and preferential issue.
The company’s board approved raising ₹3,014.4 crore via a preferential issue of 12.56 crore equity shares at ₹240 per share. This issue will involve investments from Risee Infinity Private Limited, a promoter group entity, and other non-promoter entities, including Florintree Innovation LLP and Fortune Financial & Equities Services Private Limited.
The preferential issue aims to enhance the promoter’s equity stake, with Anil Ambani’s Risee Infinity investing ₹1,814 crore, increasing its current 16% stake in the company. Additionally, notable investors like former Blackstone executive Mathew Cyriac (through Florintree Innovation) and equity investor Nimish Shah (via Fortune Financial) will contribute ₹1,200 crore for a minority stake in Reliance Infrastructure.
This strategic fundraise is expected to strengthen the company’s financial position and help drive future growth, pushing Reliance Infrastructure shares higher during early trading hours.
