Reliance Infrastructure has received approval from board of directors for raising additional long-term resources by issue of Foreign Currency Convertible Bonds and/or other similar securities as may be permitted under applicable laws including determination of the issue price, if any, and to seek members’ approval for partial modification of the resolution passed on July 6, 2021.
Total number of securities proposed to be issued or the total amount for which the securities will be issued will be upto $ 500,000,000. The Board of Directors at its meeting held on June 3, 2022 has approved the same.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space such as Power, Roads, Metro Rail and Defence.
