Reliance Infrastructure Shares Gain 29% In 1-Week, Latest Debt Statement Issued

Reliance Infrastructure Ltd shares price today slipped nearly 1.26% on BSE but gained more than 29% in last 1-week. Reliance Infrastructure on September 18, 2024 issued a statement on its debt status. Current market price of Reliance Infrastructure shares on BSE is Rs 279.20 per share. The company has a market capitalisation of Rs 11,065.92 crore. Reliance Infrastructure recommended 25 dividends since August 3, 2001.

Reliance Infrastructure Issue Statement On Debt: As per the company's press release dated September 18, 2024, "Reliance Infrastructure Limited (Reliance Infra) announced that Invent Assets Securitisation and Reconstruction Private Limited, a lender to the Company, has novated certain charged securities to recover its dues. As a result, Invent ARC's entire fund based outstanding amount has been reduced to Zero. Additionally, Reliance Infra has cleared its funded outstanding dues to Life Insurance Corporation of India, Edelweiss Asset Reconstruction Company Limited, ICICI Bank, Union Bank, and other lenders."

The Company's external debt liability is down to INR 475 crore. Consequently, the net worth of the Company will stand at ~INR 9,041 crore, added Reliance Infrastructure.

Reliance Infrastructure Shares Performance: The 52-week high price of Reliance Infrastructure Ltd shares on BSE is Rs 308.00 (as on 04/04/2024) and 52-week low price is Rs 143.70 per share (as on 05/06/2024), respectively. Reliance Infrastructure shares zoomed 31% in last 2-weeks, gained 55% in last 1-year, and offered return of 191% in last 3-years. In last 5-years, Reliance Infrastructure shares offered stunning returns of 666%

Shareholding: FII/FPI increased holdings from 11.77% to 12.37% in June 2024 quarter. Number of FII/FPI investors increased from 330 to 335 in June 2024 quarter. Mutual Funds have increased holdings from 0.11% to 0.13% in June 2024 quarter. Number of MF schemes remains unchanged at 33 in June 2024 quarter. Institutional Investors have increased holdings from 14.00% to 14.66% in June 2024 quarter, according to Trendlyne.

About: Reliance Infrastructure Limited (Reliance Infrastructure or the Company) is engaged in the business of providing EPC services, Power distribution in Delhi and the Company is also engaged in implementation, operation and maintenance of several projects in defence sector and infrastructural areas like Metro, Toll Roads and Airports through its special purpose vehicles. It has executed the state of the art Mumbai Metro line one project on build, own, operate and transfer basis.