MUMBAI: Former Blackstone honcho Mathew Cyriac and equity investor Nimish Shah will invest Rs 1,814 crore in Anil Ambani’s engineering and construction business housed under Reliance Infrastructure for a minority stake.
Reliance Infrastructure is raising Rs 3,014 crore through a preferential allotment to finance its expansion, meet its working capital requirements, among other purposes.
Cyriac through Florintree Innovation and Shah via Fortune Financial & Equities Services will subscribe to Reliance Infra’s equity shares or convertible warrants worth Rs 1,814 crore, while Ambani through Risee Infinity will subscribe to the balance Rs 1,814 crore securities. Risee Infinity already owns about 16% in Reliance Infra.
Reliance Infra is yet to decide whether to go for an issuance of equity shares or convertible warrants.
The company, which operates 10 road projects, runs the power distribution business in Delhi, and manufactures defence equipment along with Rafale, is also looking to raise another Rs 3,000 crore through the qualified institutional placement (QIP) route.
Preferential issue will enhance the company’s networth to Rs 12,000 crore from the current Rs 9,000 crore, Reliance Infra, with a market cap of Rs 11,280 crore, said in a regulatory notice. It has near zero debt. The enhanced capital will support the company’s participation in high growth sectors, it added.
Cyriac and Shah’s proposed investment in Reliance Infra shows their confidence in the company’s potential and future prospects. Even Ambani’s investment demonstrates his continued commitment to the company and his belief in its growth story. The preferential issue and the QIP deal, if launched, will further bolster the company’s financial position and give it the flexibility to pursue new opportunities. Mumbai
Former Blackstone honcho Mathew Cyriac and equity investor Nimish Shah will invest Rs 1,814 crore in Anil Ambani’s engineering and construction business housed under Reliance Infrastructure for a minority stake.
Reliance Infrastructure is raising Rs 3,014 crore through a preferential allotment to finance its expansion, meet its working capital requirements, among other purposes.
Cyriac through Florintree Innovation and Shah via Fortune Financial & Equities Services will subscribe to Reliance Infra’s equity shares or convertible warrants worth Rs 1,814 crore, while Ambani through Risee Infinity will subscribe to the balance Rs 1,814 crore securities. Risee Infinity already owns about 16% in Reliance Infra.
Reliance Infra is yet to decide whether to go for an issuance of equity shares or convertible warrants.
The company, which operates 10 road projects, runs the power distribution business in Delhi, and manufactures defence equipment along with Rafale, is also looking to raise another Rs 3,000 crore through the qualified institutional placement (QIP) route.
Preferential issue will enhance the company’s networth to Rs 12,000 crore from the current Rs 9,000 crore, Reliance Infra, with a market cap of Rs 11,280 crore, said in a regulatory notice. It has near zero debt. The enhanced capital will support the company’s participation in high growth sectors, it added.
Cyriac and Shah’s proposed investment in Reliance Infra shows their confidence in the company’s potential and future prospects. Even Ambani’s investment demonstrates his continued commitment to the company and his belief in its growth story. The preferential issue and the QIP deal, if launched, will further bolster the company’s financial position and give it the flexibility to pursue new opportunities.
Reliance Infrastructure is raising Rs 3,014 crore through a preferential allotment to finance its expansion, meet its working capital requirements, among other purposes.
Cyriac through Florintree Innovation and Shah via Fortune Financial & Equities Services will subscribe to Reliance Infra’s equity shares or convertible warrants worth Rs 1,814 crore, while Ambani through Risee Infinity will subscribe to the balance Rs 1,814 crore securities. Risee Infinity already owns about 16% in Reliance Infra.
Reliance Infra is yet to decide whether to go for an issuance of equity shares or convertible warrants.
The company, which operates 10 road projects, runs the power distribution business in Delhi, and manufactures defence equipment along with Rafale, is also looking to raise another Rs 3,000 crore through the qualified institutional placement (QIP) route.
Preferential issue will enhance the company’s networth to Rs 12,000 crore from the current Rs 9,000 crore, Reliance Infra, with a market cap of Rs 11,280 crore, said in a regulatory notice. It has near zero debt. The enhanced capital will support the company’s participation in high growth sectors, it added.
Cyriac and Shah’s proposed investment in Reliance Infra shows their confidence in the company’s potential and future prospects. Even Ambani’s investment demonstrates his continued commitment to the company and his belief in its growth story. The preferential issue and the QIP deal, if launched, will further bolster the company’s financial position and give it the flexibility to pursue new opportunities. Mumbai
Former Blackstone honcho Mathew Cyriac and equity investor Nimish Shah will invest Rs 1,814 crore in Anil Ambani’s engineering and construction business housed under Reliance Infrastructure for a minority stake.
Reliance Infrastructure is raising Rs 3,014 crore through a preferential allotment to finance its expansion, meet its working capital requirements, among other purposes.
Cyriac through Florintree Innovation and Shah via Fortune Financial & Equities Services will subscribe to Reliance Infra’s equity shares or convertible warrants worth Rs 1,814 crore, while Ambani through Risee Infinity will subscribe to the balance Rs 1,814 crore securities. Risee Infinity already owns about 16% in Reliance Infra.
Reliance Infra is yet to decide whether to go for an issuance of equity shares or convertible warrants.
The company, which operates 10 road projects, runs the power distribution business in Delhi, and manufactures defence equipment along with Rafale, is also looking to raise another Rs 3,000 crore through the qualified institutional placement (QIP) route.
Preferential issue will enhance the company’s networth to Rs 12,000 crore from the current Rs 9,000 crore, Reliance Infra, with a market cap of Rs 11,280 crore, said in a regulatory notice. It has near zero debt. The enhanced capital will support the company’s participation in high growth sectors, it added.
Cyriac and Shah’s proposed investment in Reliance Infra shows their confidence in the company’s potential and future prospects. Even Ambani’s investment demonstrates his continued commitment to the company and his belief in its growth story. The preferential issue and the QIP deal, if launched, will further bolster the company’s financial position and give it the flexibility to pursue new opportunities.
