Reliance Power, Reliance Infrastructure to raise Rs 9,000 crore each
Reliance Infrastructure and Reliance Power on Wednesday said their boards have approved raising up to Rs 9,000 crore each through various financial instruments.
The companies will look to raise up to Rs 6,000 crore each issuing equity or linked instruments "by way of QIP or follow-on public offer", separate filings said.
Further, the companies' boards gave their go-ahead to the issuance of debentures up to Rs 3,000 crore each. The issue of the above securities is subject to requisite permissions, sanctions and approvals and according to the applicable provisions of law.
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