Reliance Infrastructure shares: Shares of Reliance Infrastructure Limited are in the news today on Monday. In fact, the company’s shareholders have given the green signal to raise Rs 6,000 crore through preferential issues and qualified institutional placement (QIP). Let us tell you that the company’s shares fell 4.5% to Rs 265.50. Its closing price on Friday was Rs 278.20.
What is the detail of Reliance Infrastructure Limited shares?
In the first phase, the company will raise Rs 3,014 crore through preferential issue. This will include the offering of 12.56 crore equity shares or convertible warrants at Rs 240 per share. The promoter will invest Rs 1,104 crore by subscribing to 4.60 crore shares through his firm Resi Infinity Private Limited.
Mumbai-based investor Fortune Financial and Equities Services will invest Rs 1,058 crore, while Florintree Innovations LLP, led by former Blackstone executive Matthew Cyriac, will contribute Rs 852 crore. Together, the two investors will acquire 7.96 crore shares.
Apart from raising funds, shareholders also approved the appointment of Manjari Kakkar as an independent director. Let us tell you that Reliance Infrastructure’s target is to use the new funds to increase its net worth and reduce debt. The company’s net worth is expected to increase from Rs 9,000 crore to Rs 12,000 crore.
Reliance Infrastructure shares condition
Reliance Infrastructure shares have performed strongly in recent times. However, it has declined for the last few days. Reliance Infrastructure share price has seen a jump of 49.6 per cent in the last three months and 44.45 per cent in the last six months.
Year-on-year, this figure rose to 34.06 percent in 2024. In the last year, the share price of Reliance Infrastructure increased by more than 66 percent. In the last five years, this stock has given a return of up to 850 percent. However, in the long term, it has also caused a huge loss. Let us tell you that on January 11, 2008, the price of this stock was Rs 2485. That is, since then till now it has registered a decline of 90%.
