Anil Ambani's Reliance Group Achieves Remarkable Debt Reduction and Fund Raising Efforts
Debt Reduction Strategy of Reliance Group
Anil Ambani's Reliance Group has embarked on a significant journey towards financial stability. By implementing a robust debt reduction strategy, the company has reached nearly zero net debt. The reduction from Rs 3,831 crore to Rs 475 crore signifies a pivotal shift.
Fund Raising Initiatives
In tandem, Reliance Infrastructure's board approved a preferential issue to raise Rs 3,014 crore.
- Promoters' Investment: The promoter group plans an infusion of Rs 1,100 crore.
- Additional Capital: An additional Rs 3,000 crore is being sought via a qualified institutional placement.
This structured approach to fund raising aims to boost investor confidence and expand operational capabilities.
Market Capitalisation Surge
As a result of these strategic financial maneuvers, the market capitalisation of Reliance Infrastructure leapt nearly 50%, escalating to Rs 12,500 crore. Concurrently, Reliance Power experienced over a 25% increase in market capitalisation, reaching Rs 14,600 crore.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.