Reliance Group Unveils ₹17,600 Crore Fundraising Strategy for Expansion Plans - Read Now 

Reliance Group, led by Anil Ambani, is set to fuel its growth ambitions with a substantial ₹17,600 crore fundraising strategy. This bold move, supported by a zero-debt status, positions Reliance Infrastructure Ltd and Reliance Power Ltd to execute their expansion plans effectively.

In recent weeks, both companies have made significant strides in raising capital. They have announced plans to secure ₹4,500 crore through preferential equity share issues. Additionally, they will raise ₹7,100 crore from Varde Partners, a renowned global investment fund, using equity-linked long-term Foreign Currency Convertible Bonds (FCCBs). These bonds come with a lengthy maturity period of 10 years and a low interest rate of just 5 percent.

The fundraising journey doesn't stop there. Reliance Power and Reliance Infrastructure each aim to raise ₹3,000 crore through a Qualified Institutional Placement (QIP), totaling another ₹6,000 crore. Shareholder approvals for these initiatives are anticipated by the end of the month, setting the stage for an ambitious growth phase.

A senior official from the Reliance Group highlighted that this strategy of raising capital through equity and equity-linked long-term bonds is crucial for financing their expansion plans. With a conservative debt-to-equity ratio of 70:30, the total investment for the group’s future business plans is projected to reach ₹50,000 crore over the coming years. This fundraising effort is expected to enhance the net worth of both companies to around ₹25,000 crore.

This move not only showcases Reliance Group’s commitment to growth but also reflects the confidence investors have in the company. As Reliance prepares for a new chapter, the eyes of the investment world will be watching closely.