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After funding, Anil Ambani group plans growth strategies
The Morning Standard
|October 07, 2024
THE Anil Ambani group is poised to execute its growth startegies after it raised ₹17,600 crore fund and two of its operational firms Reliance Infrastructure Ltd and Reliance Power Ltd became near zero debt companies, sources with the company said.
A senior official of the group stated that Reliance Group's strategy of raising capital through equity or equity-linked long term bonds will offer the group companies essential growth capital for their expansion plans.
In the past two weeks, both Reliance Infrastructure and Reliance Power have announced raising ₹4,500 crore through preferential issues of equity shares, and ₹7,100 crore from global investment fund, Varde Partners through equity linked long term FCCBs.
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