The shareholders of Reliance Infra have also approved with overwhelming majority, the raising of funds by issue of Foreign Currency Convertible Bonds (FCCB) up to 24 per cent of the than fully diluted equity share capital of the Company.
The funds raised would be utilised for long term resources, for general corporate purposes and to fund future growth.
Reliance Infrastructure Limited (RInfra) is one of the largest infrastructure companies, developing projects through various
RInfra is a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects. RInfra through its SPVs has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis; nine road projects on build, operate and transfer (BOT) basis. RInfra is also a leading utility company having presence in
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