Reliance Infra board approves Rs 6,000 crore fundraising plan via QIP
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The board of Reliance Infrastructure on Wednesday approved a Rs 6,000 crore fundraising plan through the Qualified Institutional Placement (QIP) and other modes. The Anil Ambani-promoted company plans to raise funds through the issuance of equity shares or equity linked instruments to qualified institutional buyers (QIBs).The company informed about the development via filing to the exchanges. The decision was taken in a meeting held today after market hours.The company's board also approved issuance of secured/unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches, on a private placement basis or otherwise.Apart from Reliance Infra, the board of Reliance Power also approved a Rs 6,000 crore worth fundraising plan via the QIP or follow on public offer modes. The latter's board also approved issuance of secured/unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches, on a private placement basis or otherwise.Shares of Reliance Infra have been multibagger, rallying 106% over the past one year. It has significantly outperformed headline indices BSE Sensex and Nifty whose returns in the same period stand at 2.5% and 2.4%, respectively. In 2025, so far, the stock has yielded 25%.Reliance Infrastructure shares today ended the session at Rs 400.35 on the BSE, gaining by Rs 13.05 or 3.4%.Reliance Power shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 349.4 and Rs 289.4, respectively according to Trendlyne data. But the rally has not come without its share of volatility as the stock has traded at a high beta of 1.6.Reliance Infra reported a consolidated net profit of Rs 4,387 crore in the quarter ended March 31, 2025. The company had reported a loss of Rs 221 crore in the quarter ended on March 31, 2024.Consolidated profit after tax for 2024-25 stood at Rs 4,938 crore, compared to a loss of Rs 1,609 crore in the previous financial year.Income from operations declined 12% to Rs 4,108.01 crore in the quarter to March. The company had reported Rs 4,685.96 crore in income from operations during the year-ago period.For the full 2024-25, the company recorded consolidated operating income of Rs 23,592 crore, a 7% year-on-year increase from Rs 22,067 crore in 2023-24.
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