Reliance Power and Infrastructure Announce Major Fundraising Plans

In a significant move, Reliance Infrastructure and Reliance Power have announced their plans to raise up to Rs 9,000 crore each through various financial instruments. This bold step marks a pivotal moment for both companies as they aim to strengthen their financial standing and fuel future growth.

Details of the Fundraising Strategy

The companies are looking to raise up to Rs 6,000 crore each by issuing equity or linked instruments, potentially through a Qualified Institutional Placement (QIP) or a follow-on public offer. Additionally, the boards have approved the issuance of debentures up to Rs 3,000 crore each, subject to necessary regulatory approvals and compliance with applicable laws.

What This Means for the Future

This ambitious fundraising initiative is a clear indicator of Reliance Power and Infrastructure's commitment to expansion and innovation. Stakeholders and investors are keenly watching these developments, anticipating the impact on the companies' trajectories and the broader market.