{"id":418997,"date":"2021-06-07T10:37:00","date_gmt":"2021-06-07T05:07:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418997"},"modified":"2021-06-07T11:56:12","modified_gmt":"2021-06-07T06:26:12","slug":"reliance-infra-to-raise-%e2%82%b9550-crore-from-promoters-vfsi-holdings-to-pare-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-infra-to-raise-%e2%82%b9550-crore-from-promoters-vfsi-holdings-to-pare-debt\/","title":{"rendered":"Reliance Infra to raise \u20b9550 crore from promoters, VFSI Holdings to pare debt"},"content":{"rendered":"<p>Anil Ambani\u2019s Reliance Infrastructure Ltd (RInfra) on Sunday said that its board has approved raising a sum of \u20b9550.56 crore by preferential allotment of up to 88.8 million shares and\/or warrants convertible into shares of the company to promoter group and VFSI Holdings Pte. Ltd, an affiliate of V\u00e4rde Investment Partners LP.<\/p>\n<p>The funds raised would be utilized for long-term resources, for general corporate purposes, and to fund growth as well as to reduce debt, the company said in a statement. <\/p>\n<p>The shares and\/or warrants will be issued at a price of \u20b962 apiece based on Sebi (Securities and Exchange Board of India) regulations, the company added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anil Ambani\u2019s Reliance Infrastructure Ltd (RInfra) on Sunday said that its board has approved raising a sum of \u20b9550.56 crore by preferential allotment of up to 88.8 million shares and\/or warrants convertible into shares of the company to promoter group and VFSI Holdings Pte. Ltd, an affiliate of V\u00e4rde Investment Partners LP. The funds raised would be utilized for long-term resources, for general corporate purposes, and to fund growth as well as to reduce debt, the company said in a statement. The shares and\/or warrants will be issued at a price of \u20b962 apiece based on Sebi (Securities and Exchange [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-418997","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=418997"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418997\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}