Reliance Infrastructure approves raising of long term resources

Reliance Infrastructure Ltd at its meeting held October 09, 2013 have approved raising of long term resources including inter alia through external commercial borrowings (ECBs), foreign currency convertible bonds, and rupee term loans / NCDs, up to Rs 2,500 crore, for refinancing and extending maturities of higher cost rupee debt and/or other approved end uses.

Shares of Reliance Infrastructure Ltd was last trading in BSE at Rs.412.20, up by Rs.9.40 or 2.33%. The stock hit an intraday high of Rs.413.90 and low of Rs.399.

The total traded quantity was 6.57 lakhs as compared to 2 week average of 5.14 lakhs.

Source : Equity Bulls

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