Reliance Infrastructure Ltd allots 1.25 crore shares on conversion of warrants

Reliance Infrastructure Limited (Reliance Infra) has allotted 1.25 crore fully paid-up equity shares at a price of INR 240/- per share (including a premium of INR 230/- per share), aggregating INR 300 crore, upon accelerated conversion of Warrants.

The Company made a Preferential Issue of 12.56 crore Warrants aggregating INR 3,014.40 crore in October 2024, in terms of SEBI (ICDR) Regulations. A minimum upfront amount of 25% was paid on the Warrants and the balance 75% amount was payable in 18 months. Fully paid Warrants are convertible into equivalent number of equity shares.

Upon accelerated conversion of Warrants, the Company has issued 1.25 crore equity shares to Risee Infinity Private Limited (Promoter Group Entity).

The capital infusion will strengthen Company's growth trajectory. This enhances financial flexibility and supports sustainable growth, positioning the Company to capitalize on future opportunities and drive long-term value creation.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 367.70 as compared to the previous close of Rs. 380.15. The total number of shares traded during the day was 137113 in over 2318 trades.

The stock hit an intraday high of Rs. 382.90 and intraday low of 362.10. The net turnover during the day was Rs. 50623645.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA PreferentialIssue EquityShares WarrantsConversion