The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Risee Infinity Pvt Ltd & Others
RELINFRA · price
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Reliance Infrastructure's promoter group — Risee Infinity Pvt Ltd, Reliance Project Ventures & Management Pvt Ltd, Anil D Ambani, Tina A Ambani, Jai Anmol Ambani, Jai Anshul Ambani and Kokila D Ambani — disclosed the conversion of 1,25,00,000 convertible warrants into 1,25,00,000 equity shares on June 18, 2025. Following this, their equity shareholding rose from 6,53,63,424 to 7,78,63,424 shares, while the company's total equity share capital expanded from Rs. 396.13 crore to Rs. 408.63 crore. On a voting basis their stake moved from 16.50% to 14.92% (the percentage dipped due to the enlarged share base), but on a fully diluted basis their holding stayed unchanged at 21.34%. Reliance Innoventures Pvt Ltd, one of the promoter group entities, is currently undergoing Corporate Insolvency Resolution Process under IBC, 2016.
This is a non-cash, technical increase in promoter shareholding via warrant conversion — no fresh capital was deployed by the promoters. The fully diluted percentage is flat, signalling commitment rather than a fresh accumulation, and is broadly neutral for shareholders though it shows the promoter group continuing to exercise its rights in the company.