Recently Anil Ambanis related firms were being auctioned in insolvency proceedings due to piling up debt. But since last week the group has made announcements that investors can believe that its a start of a transformation journey of the business. In three days from September 18 to 20 the group announced it has turned into nearly zero debt and is implementing long-term fund raising plans that are said to solidify its financial position. Anil Ambanis Big Decision Over Week Reliance Infrastructures board approved fund raising of up to Rs 6000 crore via preferential issue and QIP while Reliance Power board is meeting on September 23 to consider and approve the fundraise via multiple routes. The speed at which Anil Ambani moved to clear the debt of his companies and simultaneously announce and execute the fundraising plans for future expansion of his companies has surprised the investors. Reliance Shares & Market Cap Boost Shares of both firms surged on stock markets. The announcement to invest Rs 1100 crore by the promoters group in Anil Ambanis flagship company Reliance Infrastructure has further boosted the confidence of investors in the groups revival plans and its long-term growth story investors said. Anil Ambanis twin strategy of debt reduction coupled with fresh capital raising has set the stage for a long-term transformation of the Reliance Group they feel. Reliance Infrastructures market capitalisation by the end of this week surged nearly 50 per cent rising from Rs 8500 crore to Rs 12500 crore. Similarly Reliance Powers market capitalisation increased over 25 per cent moving from Rs 11500 crore to Rs 14600 crore. Anil Ambani Business Revival Plan Reliance Infra announced a significant reduction in standalone external debt lowering it from Rs 3831 crore to just Rs 475 crore. This was achieved by clearing outstanding dues to prominent lenders such as Life Insurance Corporation of India (LIC) Edelweiss ARC ICICI Bank and Union Bank according to company filings. The move signals a robust financial recovery and enhances Reliance Infras financial flexibility. Also Reliance Infra board approved a preferential issue to raise Rs 3014 crore increasing the stake of Risee Infinity Pvt Ltd a promoter group entity along with other investors such as Florintree Innovation LLP and Fortune Financial & Equities Services Pvt Ltd. The board also approved seeking shareholder authorization to raise an additional Rs 3000 crore via a qualified institutional placement. This will provide further capital to strengthen the balance sheet and invest in new growth opportunities. With these fund infusions Reliance Infras net worth is set to rise from over Rs 9000 crore to more than Rs 12000 crore according to the filings. The company is now well-positioned to invest in high-growth sectors investors said. (With inputs from PTI)