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Reliance Infrastructure Limited ( (IN:RELINFRA) ) has issued an update.
Reliance Infrastructure Limited has announced that its shareholders have approved, via postal ballot and e-voting, key special resolutions enabling the company to issue Foreign Currency Convertible Bonds and other securities and to enhance its borrowing powers. The approvals, confirmed by an independent scrutinizer’s report and disclosed in compliance with SEBI’s listing regulations, give the company expanded flexibility to tap international and domestic capital markets and increase leverage, potentially supporting future funding of infrastructure projects and strengthening its financial toolkit for growth and refinancing, with full voting results made available on the company’s and the e-voting agency’s websites.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited is an Indian infrastructure company engaged in developing, operating and maintaining projects across the power, roads, metro rail, and other infrastructure segments, and is part of the Reliance Group. Its activities span engineering, procurement and construction, as well as infrastructure assets and related services, with its securities listed on BSE and the National Stock Exchange of India.
Average Trading Volume: 250,451
Technical Sentiment Signal: Sell
Current Market Cap: 61.23B INR
For an in-depth examination of RELINFRA stock, go to TipRanks’ Overview page.