Reliance Infrastructure Ltd and Reliance Power Ltd, part of Anil Ambani’s Reliance Group, have outlined a significant ₹17,600 crore fundraising strategy. This includes ₹4,500 crore from preferential equity shares, ₹7,100 crore from Varde Partners, and an additional ₹6,000 crore from qualified institutional placements (QIP).
Growth Strategy and Zero-Debt Status
With the infusion of fresh capital and a zero-debt status, Reliance Group is primed for aggressive growth. The funds will be directed towards essential expansion plans, supported by a healthy debt-to-equity ratio of 70:30, leading to a substantial ₹50,000 crore investment outlay over the next few years.
Global Investments and Low-Cost Bonds
Reliance Infrastructure Ltd and Reliance Power Ltd have secured ₹7,100 crore from Varde Partners through equity-linked foreign currency convertible bonds (FCCBs). These bonds have a 10-year maturity and a low interest rate of 5%, indicating investor confidence in the group’s long-term potential.
Major Investors and Promoter Contributions
The companies are raising ₹4,500 crores through equity, with ₹1,750 crore from promoters and ₹3,750 crores from key investors including Fortune Financial & Equities Services, Florintree Innovations, and Authum Investment. This combined effort will boost the companies’ net worth to approximately ₹25,000 crore.
