Reliance Infrastructure soars 12% to 52-week high after board approves fundraising

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Reliance Infrastructure shares jump 12.37% to a 52-week high of ₹320 following fundraising approval

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Reliance Infrastructure Board approves ₹3,014 crore fundraising via preferential issue of 12.56 crore shares

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New shares to be issued to Risee Infinity and other investors, enhancing Promoters' equity stake

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Preferential issue to comply with SEBI regulations and other applicable laws

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Board seeks shareholder approval to raise to ₹3,000 crore via Qualified Institutional Placement

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Preferential issue expected to boost Reliance Infrastructure's net worth from ₹9,000 crore to over ₹12,000 crore

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Proceeds from Preferential issue to support business expansion and long-term working capital needs

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With Our Subscription Plans

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