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Reliance Infrastructure Seeks Shareholder Approval for Capital Raising

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Reliance Infrastructure Seeks Shareholder Approval for Capital Raising

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An announcement from Reliance Infrastructure Limited ( (IN:RELINFRA) ) is now available.

Reliance Infrastructure Limited has announced a postal ballot to seek shareholder approval for the issuance of Foreign Currency Convertible Bonds and other securities. This move is part of the company’s strategy to raise capital for its operations and expansion plans, potentially impacting its financial structure and market positioning.

More about Reliance Infrastructure Limited

Reliance Infrastructure Limited operates in the infrastructure sector, focusing on the development, construction, and management of infrastructure projects. The company is involved in various segments including power, roads, metro rail, and airport development, serving both domestic and international markets.

Average Trading Volume: 237,658

Technical Sentiment Signal: Sell

Current Market Cap: 75.88B INR

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

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