Anil Ambani's Reliance Group Transformation:Anil Ambani's Reliance Group has seen its major companies being auctioned in bankruptcy proceedings and drowning in debt in recent years, but the group has made such announcements last week, which investors are considering as a sign of change. The group announced in three days from September 18 to September 20 that it is implementing long-term fund raising plans. This can strengthen the financial position of the group. Let us tell you that the shares of Anil Ambani group companies saw a continuous rise last week. There was a lot of buying in the shares of Reliance Power, Reliance Infra and Reliance Home Finance.

focus on fund raising

The board of Reliance Infrastructure approved raising funds of up to Rs 6,000 crore through preferential issue and QIP. On the other hand, the board of Reliance Power is meeting on September 23 to consider and approve raising funds through various methods. The speed with which Anil Ambani has taken steps to repay the debt of his companies, as well as announce and implement plans to raise funds for the future expansion of his companies, has surprised investors. Shares of both the firms surged in the stock markets.

Investors said the announcement of an investment of Rs 1,100 crore by the promoters group in Anil Ambani's flagship company Reliance Infrastructure has further boosted their confidence in the group's revival plans. They believe Anil Ambani's dual strategy of debt reduction and raising fresh capital has laid the groundwork for the long-term transformation of the Reliance Group. By the end of this week, the market cap of Reliance Infrastructure rose nearly 50 per cent from Rs 8,500 crore to Rs 12,500 crore. Similarly, the market cap of Reliance Power rose more than 25 per cent from Rs 11,500 crore to Rs 14,600 crore.