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Anil Ambani says promoters to raise stake in Reliance Infra
Anil Ambani has committed to shareholders that the promoters will raise stake in Reliance InfrastructureNSE 5.00 % and that the company would be debt free by the end of the current fiscal.
Shares of the company were locked at 5% upper circuit at Rs 30.45 on Tuesday on the Bombay Stock Exchange.
“I am confident of the future prospect of your company and would
like to announce that the promoters plan to increase the shareholding in
the company over time, in line with the applicable regulatory
guidelines,” Ambani told shareholders at the annual general meet of the
company that was held online.
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