Reliance Infra to consider issue of securities via QIP

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Mumbai, March 11 (IANS) Reliance Infrastructure on Friday announced that its board will meet on March 16 to consider the issue of securities through qualified institutional placement (QIP) to qualified institutional buyers (QIB).

As per the regulator Securities and Exchange Board of India’s (SEBI) rules, the trading window for dealing in company securities, consequently, “will remain closed for directors, designated employees and connected persons from close of business hours of March 10, 2017, till March 18, 2017,” the company said in a stock exchange filing.

–IANS

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