Reliance Infra Board Approves Raising 3000 Cr Via QIP; Company Stock Surges

Reliance Infrastructure share price gained more than 12% in morning trades on Friday to 1 year high. By the time of filing the story the stock was trading at 324.09 a piece up by 13.76% today. Reliance Infrastructure in its release on Thursday post market hours said that its Board of Directors have approved plans to seek enabling authorization of members for raising of funds aggregating up to Rs. 3,000 Crore through issue of equity shares or any other eligible securities to qualified institutional buyers by way of qualified institutional placement #reliance #anilambani #ambani #sharemarket #stockmarket Trying to understand how Mutual Funds can help optimise your portfolio? Stop right here! Check out 'Mutual Funds Demystified' - a new coffee table book from Mint, authored by Neil Borate & the Mint Money team. Download your digital copy here! https://tinyurl.com/MFdemystified You can also pre-order your physical copy here. We will deliver - https://rzp.io/l/N3axR1nSxr Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx...