Now Anil Ambani will move on the path of progress, his group is out of the debt trap

Anil Ambani: Reliance Group owned by Anil Ambani has traveled from the heights to the depths. We saw a flourishing business falling apart in installments. Anil Ambani’s companies also went bankrupt. But now Reliance Group is ready to write the story of progress once again. This business group of Anil Ambani has become debt free. Recently, Reliance Group has announced that now they have no debt. Along with this, they are making long term fund raising plans to strengthen their financial position. With this, investors have increased their hopes that now Reliance Group is moving towards a better future.

Reliance Infrastructure and Reliance Power will raise capital

The board of Reliance Infrastructure has approved raising about Rs 6,000 crore from the market through QIP or Preferential Issue. The promoters of Reliance Infrastructure are also going to invest Rs 1,100 crore in the company. The board meeting of Reliance Power is also going to be held on 23 September. Big announcements can be made to raise funds in this too. Shares of both the companies are moving ahead on the stock market. Investors are also surprised by Anil Ambani’s efforts to raise funds by repaying his debt quickly. Investors feel that the debt-free Reliance Group can do wonders again.

The market cap of both the companies is increasing rapidly

The market cap of Reliance Infrastructure has also increased by about 50 percent from Rs 8,500 crore to Rs 12,500 crore by the end of last week. The market cap of Reliance Power has also jumped 25 percent during this period from Rs 11,500 crore to Rs 14,600 crore. Reliance Infrastructure has repaid the loans of LIC, Edelweiss ARC, ICICI Bank and Union Bank. Now only Rs 475 crore of debt is left on it. Now the company can create a story of its transformation by raising new capital. It can also enter new sectors.

Anil Ambani preparing to enter the car market

Recently, information came to light that Anil Ambani is also preparing to make a splash in the car market. Reliance Infrastructure has prepared a plan to make electric cars and batteries. For this, it has joined hands with Sanjay Gopalakrishnan, a former officer of electric car manufacturing company BYD. The company wants to make 2.5 vehicles annually in its EV plant. It also wants to set up a battery plant. For this, the company has also registered a subsidiary named Reliance EV Private Ltd.

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