Anil Ambani's good days have started in the last few months, the reason for this is Anil Ambani's two companies. These two companies of Anil Ambani are Reliance Power and Reliance Infrastructure. Both these companies have become debt free. Now just before Diwali, another good news has come regarding Reliance Infrastructure.

In fact, the shareholders of Reliance Infrastructure have approved the company's plan to raise Rs 6,000 crore through QIP of shares.

The company itself gave information

In the information given to the stock exchange, the company said that both the proposals have got the approval of the shareholders, in which more than 98 percent voting took place in favor of the proposals through postal ballot. The board of directors of Reliance Infrastructure had on September 19 approved the plan to raise Rs 6,000 crore. Of this, Rs 3,014 crore was to be raised through preferential allotment of shares or convertible warrants, while Rs 3,000 crore would be raised through QIP.

rise in shares

Shares of Reliance Infrastructure have given returns of about 40 percent to investors in the last 6 months. Till the time of writing the news, Reliance Infrastructure shares are seen trading at Rs 272. It is believed that due to this news the shares of the company may rise further. Talking about Reliance Power, this company has given a return of 46 percent to the investors in the last 6 months. Right now its current price is around Rs 41.

This is how the expansion will happen

In the first phase, Reliance Infrastructure is launching a preferential placement of Rs 3,014 crore by issuing 12.56 crore equity shares or convertible warrants at an issue price of Rs 240 per share. Of this, Rs 1,104 crore will be invested by the promoters of Reliance Infrastructure through the promoter company Raizi Infinity Private Limited. Raiji will buy 4.60 crore shares. The two other investors participating in the preferential issue are Mumbai-based Fortune Financial & Equities Services and Florintry Innovations LLP. Florenty is owned by former Blackstone executive Matthew Cyriac, while Fortune Financial is owned by Nimish Shah.