The Board of Reliance Infrastructure approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece. The preferential issue will be made to Risee Infinity, a promoter group company, and to other investors namely Florintree Innovation LLP and Fortune Financial & … Read more
Adani Energy Solutions launched a qualified institutional placement (QIP) on Tuesday to raise $1 billion (₹8,373 crore), showed a term sheet issued by the bankers. The issue comprises a base deal of up to ₹5,861 crore ($700 million) and a greenshoe option to upsize by up to an additional ₹2,512 crore ($300 million). The company … Read more
Shakti Pumps (India) on Friday said that it has raised an amount of Rs 200 crore through qualified institutional placement route. The Qualified Institutional Placement (QIP) issue garnered significant interest from qualified domestic institutional investors and was fully subscribed by two large Mutual Funds – LIC Mutual Fund and SBI Mutual Fund, the solar pumps … Read more
