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23 February, 2024 16:46 IST
Reliance Infra jumps as board to consider fund raising on June 6
Source: IRIS | 03 Jun, 2021, 01.35PM
Rating: NAN / 5 stars.
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Shares of Reliance Infrastructure (RInfra) jumped today after the company said that its board is going to consider fundraising plan on Sunday, June 6, 2021.

RInfra said that a meeting of the board of directors will be held on June 6, 2021, to consider and approve raising of long-term resources from domestic and/or global markets.

Anil Ambani Group company RInfra further stated the fund-raising will be done through either issue of equity shares, equity-linked securities or warrants convertible into equity shares, by way of preferential issue and/or qualified institutional placement and/or rights issue or any other method including determination of issue price, if any.

The company will seek members' approvals as well as other approval(s), as the board may deem appropriate.

Shares of Reliance Infrastructure are trading at Rs 66.75, up Rs 3.15, or 4.95%  at the Bombay Stock Exchange (BSE) on Thursday at 12.13 p.m.

The scrip has touched an intra-day high of Rs 66.75 and low of Rs 66.75. The total volume of shares traded at the BSE is 470,780.

The stocks has touched its 52-week high of Rs 71.60 and 52-week low of Rs 17.80 on May 28, 2021 and June 3, 2020 respectively.

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