Reliance Power's board is set to meet on Monday to consider raising of long-term funds from domestic and/or global markets through multiple routes.

Anil Ambani's Reliance Group has in recent years seen marquee firms being auctioned in insolvency proceedings and piling debt-fold businesses. But the group has, in the week gone by, made announcements that investors believe may mark its transformation.

Promoters Anil Ambani and family have invested Rs 1,104 crore in the Rs 3,014 crore preferential share issue of Reliance Infrastructure. Ambani and his family, which holds 21.34% in the company has made the investment through Risee Infinity Private Limited.

Mumbai-headquartered Reliance Infrastructure (also known as RInfra), part of the Reliance Group led by top businessman Anil Ambani, plans to raise Rs 3,014 crore through preferential shares and another Rs 3,

Anil Ambani’s Reliance Infrastructure shares surge amid fundraising plans. Despite recent regulatory challenges, the company is exploring various options to raise capital, including issuing new shares and convertible securities.

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The company said the proceeds from the QIP will be used for expansion of business operations directly and/or through investment in subsidiaries and joint ventures including meeting the long-term worki

As per the company exchange filing, Reliance Infrastructure is planning to raise Rs 6,014 crore. The purpose behind the fundraising is the expansion of the company's product portfolio and services. This will be completed through preferential issues and QIP.