Mathew Cyriac and Nimish Shah invest $244m in Reliance Infrastructure for minority stake as part of $3.014bn fundraising.

Mathew Cyriac and Nimish Shah will invest $244 million in Anil Ambani's Reliance Infrastructure, acquiring a minority stake as part of a ₹3,014 crore fundraising effort. The company aims to enhance its net worth from ₹9,000 crore to ₹12,000 crore, utilizing funds for expansion, working capital, and investments in subsidiaries. Reliance Infrastructure may also raise an additional ₹3,000 crore via a Qualified Institutional Placement (QIP).

September 19, 2024
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