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98% of Reliance Infrastructure shareholders approve a ₹6,000 crore fundraising plan for debt reduction and business expansion.
Reliance Infrastructure's shareholders have approved a ₹6,000 crore fundraising plan, with over 98% voting in favor.
The funds will be raised through a preferential share issue and a Qualified Institutional Placement (QIP).
The initiative aims to boost the company's net worth from ₹9,000 crore to ₹12,000 crore, reduce debt, and support business expansion.
Notably, the plan includes significant investments from major stakeholders, enhancing governance with the appointment of an independent director.
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El 98% de los accionistas de Reliance Infrastructure aprueban un plan de recaudación de fondos de 6.000 coronas para la reducción de la deuda y la expansión de negocios.