Anil Ambani's Reliance Group has seen its major firms being auctioned in bankruptcy proceedings and drowning in debt in recent years. Even debt-ridden Anil Ambani was forced to declare himself bankrupt and at one time he said that he had zero net worth. At the same time, Anil Ambani's situation has improved for some time. The debts of the companies have reduced. The special thing is that two of his companies have become completely debt-free. Due to which the shares of those companies of Anil Ambani have seen an increase and their market cap has seen an increase of 25 to 50 percent. The group has made such announcements last week, which investors are considering as a sign of change. Let us also tell you what kind of announcements Anil Ambani's group has made…
The group announced in three days from September 18 to September 20 that it is implementing long-term fund raising plans. This can strengthen the financial position of the group. The board of Reliance Infrastructure approved raising funds up to Rs 6,000 crore through Preferential Issue and QIP. On the other hand, the board of Reliance Power is meeting on September 23 to consider and approve raising funds through various methods. The speed with which Anil Ambani took steps to repay the debt of his companies, and also announced and implemented plans to raise funds for the future expansion of his companies, has surprised investors. Shares of both the firms surged in the stock markets.
Investors said that the announcement of an investment of Rs 1,100 crore by the promoters group in Anil Ambani's flagship company Reliance Infrastructure has further increased their confidence in the group's revival plans. They believe that Anil Ambani's dual strategy of debt reduction and raising fresh funds has laid the ground for the long-term transformation of the Reliance Group. By the end of this week, the market capitalization of Reliance Infrastructure increased by almost 50 per cent from Rs 8,500 crore to Rs 12,500 crore. Similarly, the market capitalization of Reliance Power increased by more than 25 per cent from Rs 11,500 crore to Rs 14,600 crore. This means that the market cap of both the companies has gained Rs 7100 crore combined.
First of all, talking about Reliance Infra, the company's shares closed with a gain of more than 11 percent on Friday. According to the data, R Infra's shares closed at Rs 316.45 with a gain of Rs 31.70. During the trading session, the company's share reached a lifetime high of Rs 327.85. In the last week, Reliance Infra's shares have seen an increase of Rs 103.45 i.e. about 49 percent. At the same time, in the last one year, the company's shares have seen an increase of more than 80 percent.
On the other hand, Reliance Power's shares saw a 5 percent rise on Friday and the company's share closed at Rs 36.35 per share. In the last one week, the company's shares have seen a 21 percent rise. While in the last one year, the company's shares have given investors a return of more than 92 percent.
