{"id":424874,"date":"2021-07-08T09:01:47","date_gmt":"2021-07-08T03:31:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424874"},"modified":"2021-07-08T09:43:48","modified_gmt":"2021-07-08T04:13:48","slug":"r-infra-gets-shareholders-nod-to-raise-rs-550-cr-via-preferential-allotment-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/r-infra-gets-shareholders-nod-to-raise-rs-550-cr-via-preferential-allotment-2\/","title":{"rendered":"R-Infra gets shareholders nod to raise Rs 550 cr via preferential allotment"},"content":{"rendered":"<p>Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis.<\/p>\n<p>The funds raised would be utilised for long-term resources, for general corporate purposes and to fund future growth, the company said in a regulatory filing. <\/p>\n<p>&#8220;The shareholders of Reliance Infrastructure through postal ballot, have approved with overwhelming majority, the raising of funds up to Rs 550.56 crore by preferential allotment,&#8221; the filing said.<\/p>\n<p>The funds will be raised through preferential allotment of up to 8.88 crore equity shares and\/or warrants convertible into equivalent number of equity shares of the company to promoters and VFSI Holdings Pte Ltd, an affiliate of Vrde Investment Partners, LP, the filing added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis. The funds raised would be utilised for long-term resources, for general corporate purposes and to fund future growth, the company said in a regulatory filing. &#8220;The shareholders of Reliance Infrastructure through postal ballot, have approved with overwhelming majority, the raising of funds up to Rs 550.56 crore by preferential allotment,&#8221; the filing said. The funds will be raised through preferential allotment of up to 8.88 crore equity shares and\/or warrants convertible into equivalent number of [&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":[135,130,168],"tags":[],"class_list":["post-424874","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424874","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=424874"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424874\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}