RInfra seeks shareholders’ nod to raise Rs 550 cr on preferential basis
Reliance Infrastructure (RInfra) has sought shareholders’ approval to raise up to Rs 550.56 crore through issuance of shares on a preferential basis.
On Sunday, the company’s board had approved a proposal to this effect.
“Notice is hereby given to the Members of Reliance Infrastructure Ltd, for seeking consent of members of the company for transacting the special business by passing the …resolutions through postal ballot…(for) issue of equity shares and/or warrants on preferential basis,” it said in a filing to BSE on Monday.
The board is authorised to create, offer, issue and allot from time to time, in one or more tranches, up to 8.88 crore equity shares of the company and/or warrants
