Mumbai-headquartered Reliance Infrastructure (also known as RInfra), part of the Reliance Group led by top businessman Anil Ambani, plans to raise Rs 3,014 crore through preferential shares and another Rs 3,

The preferential issue proceeds would be utilised for expansion of business operations directly or through investment in subsidiaries and joint ventures including meeting the long-term working capital requirements and for other general corporate purposes.

Reliance Infrastructure shares have posted strong returns, rising 31.51% in the past month and 25.78% over six months. Year-to-date, the stock has surged 80.53%, delivering over 49.47% returns in the last twelve months,

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

In Anil Ambani's major expansion plan, he is also getting 1200 cr investment as a minority stake from prominent investors.

Reliance Infrastructure's board approved raising Rs 3,014 crore through preferential issuance of equity shares to Risee Infinity Pvt Ltd and other investors. The issue aims to enhance the promoters' equity stake and is conducted as per SEBI regulations.

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 business expects the preferred issuance to increase its net worth from over ₹9,000 Crore to over ₹12,000 Crore.

Reliance Infrastructure Limited, part of the diversified group led by Anil Ambani, will mop up Rs 1,100 crore from its promoters and Rs 1,910 crore from two Mumbai-based investment majors. The company is raising Rs 6,

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