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Reliance Infrastructure plans to raise ₹6,000 crore via share sales | Mint
Livemint
·
10m ago
Medial
Reliance Infrastructure plans to raise up to ₹6,014 crore through a share sale and convertible warrants. This comes after the company settled its arbitration dispute with Adani Group over power distribution and a loan dispute with CFM Asset Reconstruction. The company's board has approved a preferential issue to raise ₹3,014 crore and a qualified institutional placement (QIP) to raise up to ₹3,000 crore. The funds will be used for business expansion, investment in subsidiaries, and meeting long-term working capital needs. The company's net worth is expected to increase from ₹9,000 crore to over ₹12,000 crore.
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Related News
Power Grid to raise Rs 6,000 crore via bonds, check stock reaction
Business Today
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4m ago
Medial
Power Grid Corporation plans to raise Rs 6,000 crore through bonds issued via private placement. The bond issuance has a base size of Rs 1,500 crore with an oversubscription option of Rs 4,500 crore, bringing the total potential issue size to Rs 6,000 crore. The bonds have a 10-year tenure, annual interest payments, and will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
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Reliance Group’s ₹17,600 crore fundraising strategy set to offer capital for their expansion plans | Mint
Livemint
·
10m ago
Medial
- Reliance Group companies, Reliance Infrastructure Ltd and Reliance Power Ltd, are set to implement their growth strategies with a fundraising of ₹17,600 crore and zero-debt status. - The companies have recently raised ₹4,500 crore through preferential issues of equity shares and ₹7,100 crore from Varde Partners through equity-linked long-term FCCBs. - An additional ₹6,000 crore will be raised through qualified institutional placement (QIP), with each company targeting ₹3,000 crore. - Shareholder approvals are expected by the end of the month for the resolutions that are in place. - With a conservative debt-to-equity ratio of 70:30, the fundraising will provide a total investment outlay of ₹50,000 crore for future business plans over the next few years.
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Reliance Power to consider stake sale for fundraising, board meeting to be held on October 3 | Mint
Livemint
·
10m ago
Medial
Reliance Power Ltd is considering selling a stake to raise funds, according to a filing with the Bombay Stock Exchange. The company plans to raise money from the domestic or global markets through various equity offerings or a rights issue. Reliance Power aims to expand its renewable energy segment and reduce debt through the stake sale. The company's board of directors had previously approved a preferential share issue to raise INR 1,524.60 crore ($206 million) for business expansion and debt reduction purposes.
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Godrej Properties plans to raise ₹4,000 crore via QIP | Company Business News
Livemint
·
8m ago
Medial
Mumbai-based real estate firm Godrej Properties is planning to raise around ₹4,000 crore ($534 million) through a Qualified Institutional Placement (QIP). The indicative offer price is set at ₹2,595 per equity share, with the floor price at ₹2,727.44, a 4% discount to the closing price on 27 October. The company had previously announced plans to raise ₹6,000 crore over a period of time. The funds raised will be used for land acquisition, development rights, and general corporate purposes. Godrej Properties aims to achieve a pre-sales growth rate of over 20% by investing in new business developments.
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Anil Ambani’s global aerospace ambition, a ₹10,000-cr bet, and homemade Falcons
Livemint
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28d ago
Medial
Anil Ambani’s Reliance Defence plans to invest ₹10,000 crore in its aerospace venture and aims to launch India’s first locally made commercial aircraft by 2028. The investment will be partially funded through capital raised by Reliance Infrastructure Ltd via preferential shares, institutional buys, and foreign currency bonds totaling ₹17,600 crore. Reliance Defence already assembles components for Dassault Aviation's aircraft in India, marking its strategic positioning in the global aerospace industry.
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Stock Market Today LIVE: IT Stocks Shine on D-street; HCL Tech, Tech Mahindra, Infosys Lead the Gains
OutlookIndia
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1m ago
Medial
On June 11, 2025, India's Sensex and Nifty indices saw minor gains amid global positive cues. IT stocks like HCL Tech and Tech Mahindra led gains. Pine Labs plans to file for a ₹6,000 crore IPO, while IREDA raised ₹2,000 crore via QIP, with LIC receiving a substantial share. Liquor stocks fell due to Maharashtra's excise duty hike. Meanwhile, the oil & gas sector saw a positive outlook, and RattanIndia Power shares surged significantly over five days.
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Wakefit’s IPO Playbook: What DRHP Reveals About Growth, Investor Moves, and Key Risks
OutlookIndia
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1m ago
Medial
Wakefit, a D2C furniture brand, is preparing for an IPO to raise up to ₹2,000 crore, including a fresh issue of ₹468 crore. The funds will enhance its offline presence and brand reputation while allowing partial cash-outs for early investors. Founded in 2016, the company reported increased revenues but remains unprofitable. Key risks include reliance on mattress sales and potential supply chain disruptions. Early investors expect significant returns due to low initial share prices.
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Reliance Infrastructure launches new real estate subsidiary Reliance Jai Properties with ₹1 lakh initial capital | Mint
Livemint
·
11m ago
Medial
Reliance Infrastructure has established a new subsidiary, Reliance Jai Properties Private Limited (RJPPL), further expanding its presence in the real estate industry. With an authorized and paid-up share capital of ₹1,00,000, RJPPL aims to acquire, sell, lease, and develop various properties. This move comes amidst the growth of India's real estate sector, driven by urbanization, increasing income levels, and government initiatives like Pradhan Mantri Awas Yojana (PMAY) and the development of 100 smart cities. Reliance Infrastructure intends to leverage these opportunities and diversify its revenue streams through this expansion.
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‘We want to partner banks to gain foothold in home loans’
Livemint
·
1y ago
Medial
CreditAccess Grameen, India's largest microlender, is looking to diversify its asset base by increasing the share of non-microfinance loans. The CEO, Ganesh Narayanan, plans to raise the share of non-microfinance loans from 1% to 12-14% in the next 4-5 years by offering housing, unsecured business, and gold loans. The company also aims to adopt a co-lending model with banks to expand its share in housing loans. They expect to have a non-microfinance book of INR 6,000-7,000 crores within 4-5 years.
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Myntra clocked $3.9-bn in gross sales in 2023 | The Arc
The Arc Web
·
1y ago
Medial
Myntra, the fashion platform owned by Flipkart, has achieved gross sales of approximately $3.9 billion in 2023, surpassing its major competitor Ajio, owned by Reliance, which achieved over $2 billion in gross sales. Myntra plans to focus on non-apparel segments, such as beauty and international brands, but faces growing competition from Nykaa Fashion. Competition in the online fashion market is intensifying, as players like Reliance and Tata aim to gain market share. Myntra has made strategic changes, including partnering with direct-to-consumer and luxury brands, resulting in increased market share and profitability.
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