Anil Ambani’s Reliance Group Raises ₹17,600 Crore for Bold Expansion Plans Amid Zero-Debt Status – Powering Growth

New Delhi, Oct 6 (PTI): Anil Ambani’s Reliance Group companies, Reliance Infrastructure Ltd and Reliance Power Ltd, are ready to boost their growth plans with a fundraising of ₹17,600 crore and a zero-debt status, according to company officials.

In the last two weeks, both companies have raised ₹4,500 crore through preferential equity share issues and ₹7,100 crore from Varde Partners, a global investment fund, via equity-linked foreign currency convertible bonds (FCCBs). These FCCBs come with a long maturity period of 10 years and a low-interest rate of 5%.

In addition, the companies plan to raise another ₹6,000 crore through qualified institutional placement (QIP). Both Reliance Power and Reliance Infrastructure aim to raise ₹3,000 crore each through this method.

Shareholders are expected to approve these fundraising plans by the end of the month, officials said. A senior group official explained that raising capital through equity and equity-linked bonds will give both companies the necessary funds for future expansion.

With a planned debt-to-equity ratio of 70:30, raising over ₹17,000 crore in equity and bonds will allow the companies to invest a total of ₹50,000 crore in their business growth over the coming years. The fundraising will also boost the combined net worth of the companies to around ₹25,000 crore.

According to stock exchange reports, both companies will raise ₹4,500 crore through preferential equity issues, with ₹1,750 crore coming from the promoters and ₹3,750 crore from major investors including Fortune Financial & Equities Services, Florintree Innovations LLP, Authum Investment and Infrastructure, and Sanatan Financial Advisory.

Varde Partners is contributing ₹7,100 crore through FCCBs, offering a long-term, low-interest option for the companies’ expansion plans.

These fundraising efforts show that Reliance Infrastructure and Reliance Power are setting up strong financial strategies for future growth, officials added.