Anil Ambani’s Reliance Group Secures Massive ₹17,600 Cr Fund to Power Infrastructure and Energy Expansion

Anil Ambani’s Reliance Group, which includes Reliance Infrastructure Ltd and Reliance Power Ltd, is raising Rs 17,600 crore to support their future growth plans. The companies now have a zero-debt status, making them ready to expand, according to officials.

In the last two weeks, Reliance Infrastructure and Reliance Power have announced raising Rs 4,500 crore through the sale of equity shares and Rs 7,100 crore from global investment firm Varde Partners. The investment from Varde comes through foreign currency convertible bonds (FCCBs) that have a low interest rate of 5% and a maturity period of 10 years.

Additionally, the companies plan to raise Rs 6,000 crore through qualified institutional placements (QIP), with each company aiming for Rs 3,000 crore. The fundraising efforts are expected to be finalized with shareholder approval by the end of the month.

A senior group official stated that by raising funds through equity and equity-linked bonds, Reliance Group companies will have the capital they need to fuel their expansion plans. With a debt-to-equity ratio of 70:30, the Rs 17,000 crore raised will allow the companies to invest up to Rs 50,000 crore over the next few years. This will also increase the net worth of both companies to around Rs 25,000 crore.

As per stock exchange filings, Rs 4,500 crore will be raised through equity shares, with Rs 1,750 crore coming from the promoters and the remaining Rs 3,750 crore from major investors such as Fortune Financial & Equities Services, Florintree Innovations LLP, Authum Investment and Infrastructure, and Sanatan Financial Advisory.