As per the company exchange filing, Reliance Infrastructure is planning to raise Rs 6,014 crore. The purpose behind the fundraising is the expansion of the company's product portfolio and services. This will be completed through preferential issues and QIP.

The development assumes significance as Reliance Infrastructure has already cleared its funded outstanding dues to companies including Life Insurance Corporation (LIC), Edelweiss Asset Reconstruction Company Ltd,

The company said its board has also approved a plan to raise up to ₹3,000 crore via a qualified institutional placement.

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,

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.

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.