Reliance Group’s flagship companies, Reliance Infrastructure Limited and Reliance Power Limited, announced a transformative restructuring of their boards on 18 November, aimed at driving their Vision 2030 growth strategy. This strategic shift is designed to infuse fresh energy into the leadership by elevating experienced internal talent to key decision-making roles while aligning with the company’s […]
Reliance Infrastructure has announced the resignation of Dr. Thomas Mathew as an independent director of the construction company. According to Reliance Infrastructure, Dr. Thomas Mathew resigned due to his other preoccupations and commitment to fulfilling certain time-bound responsibilities. In a letter to the company’s board of directors, Dr. Thomas Mathew wrote: “I confirm that there […]
Reliance Infrastructure Limited (Reliance Infra) said that the Supreme Court of India has upheld the arbitral award in favor of its subsidiary — Delhi Airport Metro Express Private Ltd (DAMEPL) against the Delhi Metro Rail Corporation. As per the court judgment, the Delhi Metro Rail Corporation has to pay INR 2,950 crores in damages plus […]
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 […]
Reliance Infrastructure Limited (Reliance Infra) said that its board of directors sanctioned the subscription of preferential issue of up to 59.5 crore equity shares and up to 73 crore warrants convertible into an equivalent number of equity shares of Reliance Power by converting outstanding debt, which includes interest aggregating up to INR 1,325 crore. According […]
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 […]