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Mint

Reliance Group's ₹17,600 crore fundraising strategy set to offer capital for their expansion plans

Reliance Infrastructure Ltd and Reliance Power Ltd, are poised to execute their growth strategies, according to officials, reported the news agency PTI on Sunday. 

The Economic Times

Goldi Solar to increase module manufacturing capacity by FY26

Goldi Solar is set to expand its module manufacturing capacity to 14 GW by mid FY26 and its cell manufacturing capacity to 4 GW by FY27. The company will increase its workforce by over 4,000 employees. This expansion aims to strengthen India's solar infrastructure, improve production efficiency, and reduce reliance on imports, aligning with global green energy goals.

The Economic Times

Reliance Infra board clears proposal to raise Rs 2,930 cr by issuing bonds to VFSI Holdings

Reliance Infrastructure on Tuesday said its board has approved a proposal to raise Rs 2,930 crore by issuing unsecured foreign currency convertible bonds (FCCBs) to VFSI Holdings Pte Limited.

Mint

Strong Comeback! Reliance Infrastructure, Reliance Power stocks rise 60% in September

Reliance Infrastructure shares soared 60% in September to close at ₹336.20 apiece, their highest level since December 2018, while Reliance Power shares also gained 60% last month to reach ₹48.6 apiece, a level last seen in January 2018.

Business Standard

Reliance Infra up 7% as Calcutta HC upholds Rs 780 crore arbitration award

Calcutta High Court has upheld Rs 780 crore arbitration award in favour of Reliance Infrastructure in the West Bengal-based Damodar Valley Corporation dispute

Mint

Reliance Infrastructure rises 3.5 % as it wins ₹780 Crore Arbitration Dispute With Damodar Valley Corporation

Stock Market Today: Stock Market Today: Reliance Infrastructure share price gained 3.5 % during morning trades on Monday as it wins ₹780 Crore Arbitration Dispute With Damodar Valley Corporation

CNBC TV18

Calcutta High Court backs Reliance Infra with ₹780 crore arbitration ruling against Damodar Valley Corp

The dispute began in April 2017 when Reliance Infrastructure sought arbitration over DVC's delays in awarding the engineering contract.

Business Standard

RPower seeks shareholders' nod to raise Rs 1,525 cr via preferential issue

Reliance Power will seek shareholders' approval to raise Rs 1,524.60 crore through a preferential issue. According to the postal ballot notice, the company will raise up to Rs 1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into equivalent number of equity shares of the company at a price of Rs 33 per share/warrant. The e-voting period that commenced earlier on Tuesday, will end on Wednesday, October 23, 2024. The result of the postal ballot will be announced on or before on Friday, October 25, 2024. On September 23, the board of Reliance Power Ltd had approved raising Rs 1,524.60 crore through a preferential issue where promoters will pour Rs 600 crore into the company to advance its business. Reliance Infrastructure, the promoter of the company, will enhance its equity stake by over Rs 600 crore. The other investors who will participate in the preferential issue include Authum Investment and Infrastructure Ltd and Sanatan Finan

Business Line

Reliance Power board approves ₹1,525 cr preferential issue

Reliance Infrastructure, the promoter of the company, will enhance its equity stake by over Rs ₹600 crore.

Business Standard

Reliance Power to raise Rs 1,525 crore through preferential issue

Parent entity Reliance Infrastructure to increase equity in R-Power by Rs 600 crore

Business Standard

Reliance Power board meeting on Sept 23; firm to consider fund raise

Anil Ambani's Reliance Group has in recent years seen marquee firms being auctioned in insolvency proceedings and piling debt-fold businesses. But the group has, in the week gone by, made announcements that investors believe may mark its transformation. In three days -- from September 18 to September 20 -- the group announced it has turned into nearly zero and is implementing long-term fund raising plans that are said to solidify its financial position. Reliance Infrastructure's board approved fund raising of up to Rs 6,000 crore via preferential issue and QIP, while Reliance Power board is meeting on September 23 to consider and approve the fundraise via multiple routes. The speed at which Anil Ambani moved to clear the debt of his companies, and simultaneously announce and execute the fund raising plans for future expansion of his companies, has surprised the investors. Shares of both firms surged on stock markets. The announcement to invest Rs 1,100 crore by the promoters group

The Economic Times

Reliance Power plans to raise ₹6,000 cr to expand operations

Reliance Power plans to raise ₹6,000 crore to expand its operations after becoming a debt-free company. The board will meet to consider raising funds through various means, including preferential issues and foreign currency convertible bonds. Reliance Infrastructure also announced a significant fund-raising plan to reduce its debt and enhance business operations.

The Economic Times

Anil Ambani's Reliance Group starts transformation journey

Anil Ambani's Reliance Group has announced significant debt reduction and new fund-raising plans, signaling a potential transformation. Reliance Infrastructure and Reliance Power have both seen their market capitalizations surge. The group aims to strengthen its financial position and invest in high-growth sectors, boosting investor confidence.

Business Standard

Reliance Infrastructure gets Rs 1,100 crore infusion from promoters

Of this issue, Rs 1,104 crore will be invested by the promoters of Reliance Infrastructure through the promoter company Risee Infinity Private Limited. Risee will subscribe to 46 million shares

Business Standard

Reliance Infrastructure gets Rs 1,100 crore infusion from promoters

Of this issue, Rs 1,104 crore will be invested by the promoters of Reliance Infrastructure through the promoter company Risee Infinity Private Limited. Risee will subscribe to 46 million shares

Business Line

Promoters to infuse ₹1,100 crore in Reliance Infra

Preferential issues to enhance Reliance Infrastructure Ltd’s net worth from over Rs₹9,000 cr to Rs₹12,000 cr, with near zero debt

Business Standard

Reliance Infra to receive Rs 1,100 cr equity infusion from promoters

Anil Ambani's flagship firm, Reliance Infrastructure Ltd is set to receive Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms, according to a filing by the company. The board of the company had on Thursday approved Rs 6,000 crore fund raise plan, of which Rs 3,014 crore was to be raised through preferential allotment of shares and Rs 3,000 crore share issue to institutional buyers. In the first phase, the company is launching Rs 3,014 crore preferential placement under which 12.56 crore equity shares or convertible warrants will be issued at an issue price of Rs 240 per share, according to the company's postal ballot seeking shareholder nod for share issue. Out of this, Rs 1,104 crore will be invested by promoters of Reliance Infrastructure through promoter company Risee Infinity Private Limited. Risee will subscribe to 4.60 crore shares. The two other investors participating in the preferential issue are Mumbai-based

The Economic Times

Anil Ambani's Reliance Infra to get Rs 1,100 crore equity infusion from promoters

Reliance Infrastructure Ltd, led by Anil Ambani, is set to receive Rs 1,100 crore from promoters and Rs 1,910 crore from two Mumbai-based investment firms. The board approved a Rs 6,000 crore fund raise plan. The preferential issue will enhance the company's net worth to Rs 12,000 crore with near zero debt.

The Economic Times

Promoters to infuse Rs 1,100 crore in Reliance Infra

Reliance Infrastructure Ltd, led by Anil Ambani, is set to receive Rs 1,100 crore from promoters and Rs 1,910 crore from two Mumbai-based investment firms. The company plans to raise Rs 6,000 crore through preferential allotment of shares and institutional buyers. Shareholders' approval is being sought via postal ballot.

CNBC TV18

CNBC-TV18 Morning Call: SC rejects plea to review AGR dues, bidding for O&G assets in 2025, S&P 500 tops 5700

CNBC-TV18 Morning Call: From Supreme Court rejecting AGR dues' review plea to Reliance Infrastructure’s board approving an over Rs 6000 crore fund raise, here is all you need to know in the morning news wrap

Mint

Reliance Infrastructure plans to raise ₹6,000 crore via share sales

The company said its board has also approved a plan to raise up to ₹3,000 crore via a qualified institutional placement.

The Economic Times

Reliance Infrastructure seeks shareholders' nod to raise Rs 3,000 crore via QIP

Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for a QIP of up to Rs 3,000 crore.

The Economic Times

Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?

Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved, and it has pledged 100% of VIPL's shares to CFM in exchange for the release and discharge of the guarantee provided by Reliance Power.

CNBC TV18

Anil Ambani's Reliance Infrastructure and Reliance Power slash debt by a cumulative ₹7,220 crore

In a major move, Reliance Infrastructure Ltd and Reliance Power Ltd have slashed their combined debt by ₹7,220 crore. Reliance Infrastructure reduced its external debt from ₹3,831 crore to ₹475 crore, aided by securities novation and debt settlement with lenders.

Hindustan Times

Anil Ambani breathes sigh of relief as his company pays over ₹3300 crore debt

Reliance Infrastructure reduced its standalone external debt from ₹3,831 crore to ₹475 crore. The company's shares rose 7% to ₹252.15.

Business Standard

Reliance Infra settles Rs 235 cr debt with Edelweiss and Rs 600 cr with LIC

Reliance Infrastructure has brought down its external debt liability to Rs 475 crore. The company's net worth now stands at approximately Rs 9,041 crore

The Economic Times

Much-needed good news for Anil Ambani as Reliance Infra slashes debt from Rs 3,831 cr to Rs 475 cr

Reliance Infrastructure Limited has significantly reduced its standalone external debt from Rs 3,831 crore to Rs 475 crore. The company cleared dues to key financial institutions and entered a One Time Settlement with LIC. This reduction boosts Reliance Infra's net worth to approximately Rs 9,041 crore.

Mint

Reliance Infra share price rises 5% on settlement of dues to Edelweiss Asset Reconstruction Company

Stock Market Today: Reliance Infrastructure share price gained 5% in the opening trades on Wednesday. The company has settled and paid its entire obligations with Edelweiss Asset Reconstruction Company Limited (Edelweiss) with respect to the Non Convertible Debentures issued by the Company

Business Standard

Reliance Infrastructure settles its disputes with Adani Electricity Mumbai and Adani Energy Solutions

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Mint

Reliance Infra share: Anil Ambani-owned stock jumps 6% on fundraise buzz

Stocks in focus: Anil Ambani's Reliance Infrastructure shares witnessed strong buying interest during early morning deals on Tuesday

Business Standard

Reliance Infra to mull fund raising on Sep 19

Reliance Infrastructure informed that its board is scheduled to meet on Thursday, 19 September 2024, to approve raising of long term resources from domestic and/or global markets.

CNBC TV18

Reliance Infrastructure to consider fundraising plans on September 19: Check details

The meeting will focus on various methods to raise long-term resources, including issuing equity shares, equity-linked securities, or warrants convertible into equity, the infrastructure arm of country's most valued conglomerate, Reliance Industries, added.

The Economic Times

Reliance Infra board to meet on Sept 19 for preferential issue

The board of Reliance Infrastructure Ltd will meet on September 19 to consider a preferential issue of shares to raise funds, the firm said in a stock exchange filing on Monday.

Business Standard

Reliance Infra board to meet on September 19 for preferential issue

The board of Reliance Infrastructure Ltd will meet on September 19 to consider a preferential issue of shares to raise funds, the firm said in a stock exchange filing on Monday. The company had raised Rs 550 crore in July 2021 by issuing shares on preferential basis, wherein promoters infused Rs 400 crore and Varde Capital Partners -- an international investor -- subscribed to shares aggregating Rs 150 crore. In the filing, the firm said its board on September 19 will "consider and approve raising of long term resources from domestic and/or global markets, inter alia, by issue of equity shares/ equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/ or qualified institutional placement and/or rights issue or any other method including determination of issue price". It, however, did not disclose the amount the firm was looking to raise.

Mint

Anil Ambani's Reliance Infrastructure eyes EV foray, plans to make cars & batteries; ex-BYD executive hired: Report

Anil Ambani's Reliance Infrastructure is reportedly exploring electric vehicle production and has hired a former BYD executive to check feasibility. 

The Economic Times

Reliance Infra Q1 Results: Net loss narrows to Rs 69 crore

Reliance Infrastructure Ltd on Wednesday said its consolidated net loss narrowed to Rs 69.47 crore in the June 2024 quarter. It had clocked a net loss of Rs 494.83 crore in the year-ago period, the company said in an exchange filing.

Business Line

GST officials search Excel Industries’ Mumbai office

Excel Industries states that the tax authorities have not yet informed them about any specific violations or contraventions

The Economic Times

Amarnath Yatra pilgrims to have 5G connectivity en route: DoT

The Department of Telecommunications (DoT) announced that telecom infrastructure has been enhanced for this year's Amarnath Yatra, ensuring seamless mobile connectivity, including 5G coverage, along the pilgrimage route. In collaboration with Bharti Airtel, BSNL, and Reliance Jio, continuous coverage has been provided from Lakhanpur to Qazigund and from Qazigund to Pahalgam and Baltal, with 5G technology available in many areas.