AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
Follow us on Google News
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Why are the shares of Anil Ambani’s company Reliance Infra rocketing?

by Aaryan Srivastav
September 20, 2024
share

Shares of Reliance Infra closed with a marginal gain at Rs 282.80 on Thursday. Due to some positive news, shares of Reliance Infra have been rocketing for the last 5 days. In this period, it has soared by about 32%. One more news has been added to these positive news, due to which investors will keep an eye on Reliance shares today.

Anil Ambani’s Reliance Infrastructure is planning to raise Rs 6,014 crore to fund its expansion plans. In the first phase, it will raise Rs 3,014 crore through a preferential issue and in the next phase, it will raise Rs 3,000 crore through a qualified institutional placement (QIP) deal.

what is the plan

According to a TOI report, former Blackstone chief Mathew Cyriac and equity investor Nimish Shah will invest Rs 1,814 crore in Reliance Infra’s preferential issue for a minority stake. Reliance Infra is raising Rs 3,014 crore through preferential allotment to fund its expansion, meet its working capital needs, and other purposes.

Cyriac Florintree Innovations and Shah will buy equity shares or convertible warrants worth Rs 1,814 crore of Reliance Infra through Fortune Financial and Equities Services, while Ambani will buy the remaining securities worth Rs 1,814 crore through Rise Infinity. Rise Infinity already holds about 16 per cent stake in Reliance Infra. Reliance Infra has not yet decided whether to issue equity shares or convertible warrants.

(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own, not of anytv. Here only stock performance information is given, it is not an investment advice. Investment in the stock market is subject to risks and consult your advisor before investing.)

SendShareShareTweetSharePinShareSend

Related Posts

Submit ₹ 3,00,000 in Post Office and get fixed interest of ₹ 44,664, check details
Business

Submit ₹ 3,00,000 in Post Office and get fixed interest of ₹ 44,664, check details

by Aaryan Srivastav
May 21, 2025
Tata Sons praise Uttar Pradesh's investment-interest atmosphere, confidence in cooperation with the state
Business

Tata Sons praise Uttar Pradesh’s investment-interest atmosphere, confidence in cooperation with the state

by Aaryan Srivastav
May 21, 2025
Doubt on employees in IndusInd Bank fraud case, these instructions given to management
Business

Doubt on employees in IndusInd Bank fraud case, these instructions given to management

by Aaryan Srivastav
May 21, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2024 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2024 AnyTV News Network All Rights Reserved.