Reliance Infra share price wins 3% after granting shares worth £ 300 on the conversion of warrants. Details here | Einsmark news

The share price of Reliance Infrastructure rose 3% on Wednesday, June 18, to reach £ 377.70 each, to a £ 300 crore capital infusion by its promoter group. The company has announced the award of 1.25 crore fully paid up equity shares at £ 240 a share (including a £ 230 premium) to Risee Infinity Private Limited, a promoter group entity. The shares were issued at the exercise of warrants, with the balance of 75% of the expense now paid. This capital increase, which is part of a preferred problem announced in October 2024, is expected to improve the financial flexibility of the business, support sustainable growth and strengthen its position for future opportunities. (more to come)