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Reliance Infrastructure Confirms Proper Use of Fundraising Proceeds

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Reliance Infrastructure Confirms Proper Use of Fundraising Proceeds

Confident Investing Starts Here:

Reliance Infrastructure Limited ( (IN:RELINFRA) ) has provided an update.

Reliance Infrastructure Limited announced that there has been no deviation or variation in the use of funds raised through a preferential issue of warrants amounting to Rs 753.60 Crore during the quarter ended December 31, 2024. This disclosure under Regulation 32 ensures transparency and adherence to SEBI regulations, which is crucial for maintaining investor trust and showcasing the company’s commitment to responsible financial practices.

More about Reliance Infrastructure Limited

Reliance Infrastructure Limited is a prominent player in the infrastructure sector, focusing on developing projects in power, roads, and urban infrastructure. It is part of the larger Reliance Group and has significant interests in the Indian market, providing essential services and infrastructure development.

YTD Price Performance: -16.20%

Average Trading Volume: 219,480

Current Market Cap: 105.8B INR

Find detailed analytics on RELINFRA stock on TipRanks’ Stock Analysis page.

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