Rel Infra gets nod for Rs 4,300-crore equity capital infusion...

The board of directors of Reliance Infrastructure Limited (Rel Infra) on Sunday approved a proposal for new equity capital infusion of about Rs 4,300 crore ($913 million) into the company. The promoter group s holding will increase from 38% to 48%. This fresh equity capital infusion is proposed through a preferential offer of warrants to be converted into 42.9 million equity shares, to the promoters, Reliance Anil Dhirubhai Ambani Group. Life Insurance Corporation, and other insurance companies, who have been long-term shareholders of the company over the past several decades and who collectively hold approximately 20% of equity, will be provided ...

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