New Delhi, Nov. 12 -- Anil Ambani group company, Reliance Infrastructure, on Tuesday announced that its board has approved raising $600 million via Foreign Currency Convertible Bonds (FCCBs) to fund growth. The company also declared its Q2 results.

Reliance Infra share price traded on a firm note today, hitting the 5% upper price band at Rs.183.80 on the BSE.

Reliance Infrastructure Board has approved seeking enabling authorisation from the members for issuance of Foreign Currency Convertible Bonds (FCCB) up to U.S.$ 600 Million in place of the FCCB proposal that was earlier approved by the Shareholders, the company said in a filing today.

The Anil Ambani-led company said that the issue would be an international offering on a private p...