Anil Ambani’s Reliance Infrastructure (formerly Reliance Energy Limited) has raised INR 550.56 crore ($74 million) by means of issuing securities on a preferential basis. In this connection, Reliance Infrastructure issued 8.88 crore warrants convertible into an equivalent number of equity shares of the company. These were issued at a price of INR 62 per warrant […]
Energy acquisition news : Adani Transmission Limited has struck a deal to acquire Reliance Energy, the integrated Mumbai power business of Reliance Infrastructure (RInfra) for Rs 18,800 crore ($2.9 billion). Valued at Rs12,101 crore ($1.9 billion), Reliance Energy will bring along with it regulatory approved assets in the transaction which are worth about Rs 1,150crore […]