Reliance Infra Share Price: The share of Anil Ambani's company which had once fallen to Rs 9, has risen to Rs 350 in just a few years

Reliance Infra Share Price: The share of Anil Ambani's company which had once fallen to Rs 9, has risen to Rs 350 in just a few years. Time is supporting Anil Ambani, he is getting success in whatever work he is doing.

Anil Ambani Masterstroke: Mukesh Ambani's younger brother Anil Ambani's companies and shares associated with him are now gaining momentum. Anil Ambani recently announced that Reliance Power would be debt free and Reliance Infra's debt would be reduced by 86 percent, now his fortunes are turning. In the meeting held on Tuesday, the board of Reliance Infrastructure has passed the proposal to raise Rs 2930 crore. VFSI Holdings Pte Ltd has approved the proposal to raise Rs 2,930 crore by issuing unsecured foreign currency convertible bonds (FCCB).

The maturity period of FCCB will be 10 years

In the exchange filing, Anil Ambani's company said that FCCBs will be unsecured and will have an ultra-low-cost coupon of 5 percent per annum. The maturity period of FCCBs will be 10 years. Earlier, Reliance Infra announced that it has reduced the huge debt of Rs 3,831 crore to Rs 472 crore. Apart from this, the Employee Stock Option Scheme (ESOS) was approved in the Board of Directors meeting held on Tuesday. This scheme is to benefit all the employees of the company.

The company's stock closed at Rs 332 on Tuesday.

ESOS has promised to give 2.60 crore equity shares, its estimated value is more than Rs 850 crore. This share will be equal to 5 percent of the total shares issued. Its purpose is to increase the income of employees. Anil Ambani's company Reliance Infra has been successful in reducing its debt by 87 percent. As a result, the company's stock has increased rapidly. In the trading session closed on Tuesday, it closed at Rs 332. On September 24, the stock reached a 52-week high of Rs 352.

The High Court gave its verdict in favour of Reliance Infra.

Two days ago, the Calcutta High Court has given its verdict in favour of Reliance Infra. This decision from the court has come in an arbitration dispute of Rs 780 crore with Damodar Valley Corporation (DVC). There was a dispute of Rs 780 crore between Reliance Infra and DVC. This matter went for mediation. On this, the old decision in favour of Reliance Infrastructure Limited has been upheld. In fact, more than 10 years ago, Reliance Infra got a contract of Rs 3,750 crore to build a 1,200 MW thermal power plant in Purulia, West Bengal. Due to the delay in this project, DVC demanded damages from Reliance Infra. It was challenged by Reliance and in 2019, the decision was given in favour of the company through mediation.

After the news of reduction in debt, Reliance Infra's stock is continuously showing strength. Anil Ambani's company Reliance Infra's stock has seen an increase of more than 3,600 percent in about four and a half years. In March 2020, the price of one share of the company was Rs 9.20. In the last week of September, this stock rose to Rs 350. In the last four years, the company's stock has climbed by about 3600 percent. In the last two years, this stock has gained 150 percent.