India: Reliance Infra to raise funding from promoters to pare debt

India: Reliance Infra to raise funding from promoters to pare debt

Photo: Pixabay

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.