Reliance Power's board is set to meet on Monday to consider raising of long-term funds from domestic and/or global markets through multiple routes.

The company said the proceeds from the QIP will be used for expansion of business operations directly and/or through investment in subsidiaries and joint ventures including meeting the long-term worki

Promoters Anil Ambani and family have invested Rs 1,104 crore in the Rs 3,014 crore preferential share issue of Reliance Infrastructure. Ambani and his family, which holds 21.34% in the company has made the investment through Risee Infinity Private Limited.

Anil Ambani’s Reliance Infrastructure shares surge amid fundraising plans. Despite recent regulatory challenges, the company is exploring various options to raise capital, including issuing new shares and convertible securities.

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Anil Ambani-led Reliance Infrastructure on Thursday said that its board of directors approved the raising of Rs 3,014.

Reliance Infrastructure Ltd, controlled by Anil Ambani, has significantly reduced its debt from Rs 3831 crore to Rs 475 crore after settling dues with multiple creditors. The company cleared outstanding amounts with Invent Assets Securitisation and Reconstruction,

Reliance Infrastructure has significantly reduced its standalone external debt to Rs 475 crore. Consequently, the net worth of the company will stand at around Rs 9,041 crore.

Of this issue, Rs 1,104 crore will be invested by the promoters of Reliance Infrastructure through the promoter company Risee Infinity Private Limited. Risee will subscribe to 46 million shares

Reliance Infrastructure Limited, part of the diversified group led by Anil Ambani, will mop up Rs 1,100 crore from its promoters and Rs 1,910 crore from two Mumbai-based investment majors. The company is raising Rs 6,

Reliance Infrastructure Ltd, led by Anil Ambani, is set to receive Rs 1,100 crore from promoters and Rs 1,910 crore from two Mumbai-based investment firms. The board approved a Rs 6,000 crore fund raise plan.