Reliance Infrastructure’s (RInfra) board has given approval to raising of up to Rs.3,000 crore, via issue of equity shares to its existing shareholders or qualified institutional investors.

In a filing to BSE the company stated, “The board approved the company augmenting long-term resources by issue of equity shares by way of rights issue to the existing shareholders and/or through Qualified Institutions Placement, for an amount up to Rs.3,000 crore.”

Furthermore, the board has constituted a committee of directors in this behalf to decide the mode of issue, issue price, timing of issue and all other related matters.

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