MUMBAI: Inventory market operator Sanjay Dangi and fairness investor Sanjay Kothari, each excessive web price people, are set to infuse Rs 925 crore in Anil Ambani’s power firm, Reliance Energy.
The corporate, which made historical past with India’s largest IPO of Rs 11,560 crore in 2008, goals to boost a complete of Rs 1,525 crore via the issuance of recent fairness shares or convertible warrants to its promoters and choose traders.This transfer is a part of Reliance Energy’s technique to scale back debt and help its inexperienced power initiatives.
Reliance Infrastructure, the promoter of Reliance Energy, will make investments Rs 600 crore, growing its stake within the power unit to 25% from the present 23%. In line with regulatory filings from June 2024, 80% of Reliance Infra’s stake in Reliance Energy is at the moment locked. Sanjay Dangi – who beforehand acquired Reliance Industrial Finance and Reliance House Finance – will personal over 6% of Reliance Energy after the allotment of shares or convertible warrants price Rs 675 crore to his funding car, Authum Funding and Infrastructure. Dangi at the moment holds roughly 2% in Reliance Energy.
Sanjay Kothari, a former govt at Enam, will make investments Rs 250 crore in Reliance Energy via Sanatan Monetary Advisory Companies, buying a 1.7% stake within the firm. Reliance Energy knowledgeable inventory exchanges that it’s going to challenge 46.2 crore shares or convertible warrants at a value of Rs 33 per share. On Monday, the corporate’s shares closed at Rs 38 on the BSE.
The corporate, which made historical past with India’s largest IPO of Rs 11,560 crore in 2008, goals to boost a complete of Rs 1,525 crore via the issuance of recent fairness shares or convertible warrants to its promoters and choose traders.This transfer is a part of Reliance Energy’s technique to scale back debt and help its inexperienced power initiatives.
Reliance Infrastructure, the promoter of Reliance Energy, will make investments Rs 600 crore, growing its stake within the power unit to 25% from the present 23%. In line with regulatory filings from June 2024, 80% of Reliance Infra’s stake in Reliance Energy is at the moment locked. Sanjay Dangi – who beforehand acquired Reliance Industrial Finance and Reliance House Finance – will personal over 6% of Reliance Energy after the allotment of shares or convertible warrants price Rs 675 crore to his funding car, Authum Funding and Infrastructure. Dangi at the moment holds roughly 2% in Reliance Energy.
Sanjay Kothari, a former govt at Enam, will make investments Rs 250 crore in Reliance Energy via Sanatan Monetary Advisory Companies, buying a 1.7% stake within the firm. Reliance Energy knowledgeable inventory exchanges that it’s going to challenge 46.2 crore shares or convertible warrants at a value of Rs 33 per share. On Monday, the corporate’s shares closed at Rs 38 on the BSE.
