Shares of Reliance Infrastructure zoomed 12.37% to a fresh 52-week high of Rs 320 on BSE. Market cap of the firm stood at Rs 12,622 crore.

The business expects the preferred issuance to increase its net worth from over ₹9,000 Crore to over ₹12,000 Crore.

Reliance Infrastructure's board approved raising Rs 3,014 crore through preferential issuance of equity shares to Risee Infinity Pvt Ltd and other investors. The issue aims to enhance the promoters' equity stake and is conducted as per SEBI regulations.

In Anil Ambani's major expansion plan, he is also getting 1200 cr investment as a minority stake from prominent investors.

Reliance Infrastructure shares have posted strong returns, rising 31.51% in the past month and 25.78% over six months. Year-to-date, the stock has surged 80.53%, delivering over 49.47% returns in the last twelve months,

Reliance Infrastructure under Anil Ambani seeks to raise Rs 6,014 crore to fund its expansion. The initial phase involves raising Rs 3,014 crore through a preferential issue followed by another Rs 3,000 crore via qualified institutional placement.