The business expects the preferred issuance to increase its net worth from over ₹9,000 Crore to over ₹12,000 Crore.

Through the QIP, the struggling carrier is aiming to raise funds by selling shares to eligible institutional participants.

Reliance Infrastructure shares have posted strong returns, rising 31.51% in the past month and 25.78% over six months.

This QIP permits them to raise capital by issuing new shares to institutional investors such as banks and mutual funds.

Out of the total proceeds from the QIP, Rs 750 crore will be used for paying outstanding liabilities to creditors, including ...

Reliance Infrastructure informed that its board has approved raising of funds up to Rs 3,000 crore through qualified institutional placement (QIP) and upto Rs 3,014.40 crore through preferential ...

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Samvardhana Motherson share price fell up to 2-3% in intraday trades on Tuesday. Though the share prices also marked a ...