NEW DELHI: Reliance Infrastructure (RInfra) on Monday mentioned its board has licensed elevating up to Rs three,000 crore through issuance of fairness shares to its present shareholders or qualified institutional traders to strengthen long-term assets.
"The board approved the company augmenting long-term resources by issue of equity shares by way of rights issue to the existing shareholders and/or through Qualified Institutions Placement, for an amount up to Rs 3,000 crore," the corporate mentioned in a submitting to BSE.
The board constituted a committee of administrators in this behalf to decide the mode of issue, issue value, timing of issue and all other similar issues.
The board famous probably the most awards recently gained through the corporate, including Rs 7,000 crore Versova-Bandra sea link venture, Rs three,647 crore Uppur thermal energy venture, Rs 1,585 crore Mumbai metro line 4 venture and Rs 1,081 crore Kudankulam nuclear energy venture.
"In view of the above, the board agreed to further strengthen the company's net worth and capital adequacy and enhance the ability to avail non-funded lines of credit including bank guarantees, as per the norms of the EPC (engineering, procurement and construction) business," the submitting mentioned.
"The board approved the company augmenting long-term resources by issue of equity shares by way of rights issue to the existing shareholders and/or through Qualified Institutions Placement, for an amount up to Rs 3,000 crore," the corporate mentioned in a submitting to BSE.
The board constituted a committee of administrators in this behalf to decide the mode of issue, issue value, timing of issue and all other similar issues.
The board famous probably the most awards recently gained through the corporate, including Rs 7,000 crore Versova-Bandra sea link venture, Rs three,647 crore Uppur thermal energy venture, Rs 1,585 crore Mumbai metro line 4 venture and Rs 1,081 crore Kudankulam nuclear energy venture.
"In view of the above, the board agreed to further strengthen the company's net worth and capital adequacy and enhance the ability to avail non-funded lines of credit including bank guarantees, as per the norms of the EPC (engineering, procurement and construction) business," the submitting mentioned.
RInfra board approves raising up to Rs 3,000 crore via equity shares issue
![RInfra board approves raising up to Rs 3,000 crore via equity shares issue]()
Reviewed by Kailash
on
May 15, 2018
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