Reliance Infra, Reliance Power: trading strategies for ADAG shares


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Despite a 50% gain in May, Reliance Infrastructure continues its positive momentum. Now the news of the fundraiser should act as a positive catalyst in the short term

The subjects
Dependency infrastructure | ADAG actions | Anil Ambani

Avdhut Bagkar |
Bombay


Shares of Reliance Infrastructure – Anil Dhirubhai Ambani Group (ADAG) – reached 5% of the circuit above Rs 73.3 each after its board of directors approved the increase to Rs 550.56 crore on Sunday. of its promoter, the Anil Ambani group and of Varde Investment. The company has announced that it will proceed with a preferential allocation of a maximum of 88.8 million shares and / or warrants convertible into an equivalent number of shares, to the promoter group and to VFSI Holdings Pte.

Limited, a subsidiary of Värde Investment Partners, LP. The funds raised, he added, would be used to …

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First published: Mon 07 Jun 2021 11:41 IST


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