The troubles of Anil Ambani, one of the biggest businessmen of the country, seem to be reducing. Anil Ambani's two companies Reliance Power and Reliance Infra are playing an important role in ending his bad days. On one hand, the shares of Reliance Power have been hitting an upper circuit for 3 consecutive days. On the other hand, money has started raining on Reliance Infrastructure.

Anil Ambani's flagship company Reliance Infrastructure Limited is going to get an investment of Rs 1,100 crore from the promoters and Rs 1,910 crore from two Mumbai-based investment companies. The company gave this information in the exchange filing,

Sharp rise in shares

On one hand, investors have started showing trust in Anil Ambani's company. On the other hand, the shares of both these companies are witnessing a strong rise. Anil Ambani's company Reliance Power has been registering a rise of 5% for three consecutive days. This share has been hitting an upper circuit for three consecutive days. Anil Ambani's other company Reliance Infrastructure's shares also registered a strong rise of 12% today. With this rise, the share of Reliance Infrastructure reached a 52-week high today.

Approval to raise 6000 crores

The company's board of directors approved a plan to raise funds of Rs 6,000 crore. Out of this, Rs 3,014 crore will be raised through preferential allotment of shares and Rs 3,000 crore will be raised by issuing shares to institutional buyers. According to the company's postal ballot seeking shareholders' approval for the share issue, in the first phase, the company is launching a preferential placement of Rs 3,014 crore, under which 12.56 crore shares or convertible warrants will be issued at an issue price of Rs 240 per share. Out of this, Rs 1,104 crore will be invested through Reliance Infrastructure's promoter company Riji Infinity Private Limited. Two other investors participating in this preferential placement are Mumbai-based Fortune Financial and Equities Services and Florintree Innovation LLP.