Business Business: Today, on Monday, there is a discussion on the shares of Reliance Infrastructure Limited. Actually, the shareholders of the company have given the green signal to raise Rs 6,000 crore through preferential issue and qualified institutional placement (QIP). Let us tell you that the company’s shares fell 4.5% to Rs 265.50. The closing price last Friday was Rs 278.20. In the first phase, the company will raise Rs 3,014 crore through preferential issue. This includes the offering of 12.56 million 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 Risi Infinity Private Limited. Mumbai-based investor Fortune Financial and Equities Services will contribute Rs 1,058 crore, while Florintree Innovation LLP, led by former Blackstone executive Matthew Cyriac, will contribute Rs 852 crore. Both investors will jointly acquire 7.96 crore shares. Apart from raising funds, the shareholders also approved the appointment of Manjari Kakkar as an independent director. We inform you that Reliance Infrastructure aims to use the fresh funds to raise equity 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 have performed well recently. However, it has seen a decline in recent times. Reliance Infrastructure’s share price has risen 49.6 per cent in the last three months and 44.45 per cent in the last six months. In 2024, this figure increased to 34.06 per cent year-on-year. Reliance Infrastructure’s share price has risen over 66 per cent in the last one year. In the last five years, this stock has given returns of up to 850%. However, it also suffered huge losses in the long run. We would like to tell you that the price of this stock was Rs 2485 on 11 January 2008. This means that since then, it has fallen by 90%.
