PE Fund Investments
RInfra to raise $350-M from Varde Partners via FCCBs
Anil Ambani-promoted, publicly listed Reliance Infrastructure Ltd is to raise USD 350 million from VFSI Holdings Pte. Ltd, an affiliate of global alternative investment firm Varde Investment Partners.. This is in addition to the INR 3,000 crore fundraise announced on 19 September through a preferential issue.The FCCBs (Foreign Currency Convertible Bonds) will be unsecured and will have a coupon of 5% p.a. with a maturity of 10 years. The FCCBs will be convertible into equity shares at INR 330 per share.
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