Reliance Infrastructure Limited has informed the Exchange regarding allotment of 12500000 securities upon exercise of right attached to the Warrants.
RELINFRA · price
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Reliance Infrastructure has allotted 1.25 crore fully paid-up equity shares at ₹240 per share (including ₹230 premium), aggregating ₹300 crore, to Risee Infinity Private Limited, a Promoter Group Entity. This is part of the accelerated conversion of warrants issued under the October 2024 preferential issue of 12.56 crore warrants worth ₹3,014.40 crore. The promoter group paid the balance 75% of the issue price to convert the warrants into equity shares. The company says the capital infusion will strengthen its growth trajectory and financial flexibility.
Positive signal of promoter group confidence and increased skin-in-the-game, though it dilutes existing minority shareholders. The ₹300 crore capital infusion improves the company's financial position and supports its growth plans in infrastructure and defence.