Reliance Infra board to meet on Sept 19 for preferential issue

The company had raised ₹550 crore in July 2021 by issuing shares on preferential basis, wherein promoters infused ₹400 crore and Varde Capital Partners -- an international investor -- subscribed to shares aggregating ₹150 crore.

In the filing, the firm said its board on September 19 will "consider and approve raising of long term resources from domestic and/or global markets, inter alia, by issue of equity shares or equity linked securities or warrants convertible into equity shares, by way of preferential issue and/or qualified institutional placement and/or rights issue or any other method including determination of issue price".

It, however, did not disclose the amount the firm was looking to raise.