Anil Ambani has been in the news for several days. On Tuesday it was a time for him to step back and spell out the future roadmap of two of his firms that haven't been so much in the news—Reliance Capital and Reliance Infrastructure.
He spoke to investors about the investment and expansion strategies at the annual general meetings (AGMs) of those companies.
The street savvy Ambani is looking to tap into the buoyant mood in the markets with fund raising plans for a range of businesses, revealing the plot over a series of AGMs on Tuesday.
He indicated that a listing of the insurance business, presently under the Reliance Capital umbrella, is among several money raising initiatives on the anvil.
“We are now considering various options to unlock this value from a potential IPO to strategic or financial stake sale, or even a combination of both subject to necessary approvals. A final decision in this matter will be taken shortly,” he said.
The heightened investor interest and activity on the infrastructure front also makes the timing right for Reliance Infrastructure to raise resources to quench its thirst for growth. With approvals in place for a QIP, an announcement on this front could be round the corner.
“The company has received both Board as well as shareholder approval to further augment, if necessary, our capital base through the QIP route,” Anil said.
It is not just power transmission, generation and road construction operations that Reliance Infrastructure is looking to fund, but it also plans to enter the cement business by buying out Reliance Natural Resources' 51 per cent interest in Reliance Cementation.
“We have plans to set up cement plants with an aggregate capacity of 20 million tonnes per annum at a cost of nearly Rs 10,000 crore over the next 5 years. This will make us a top five cement player in the country,” the younger Amabani said.
Big plans are also in store for the financial services business with Reliance Capital eyeing the investment-banking arena for its next big move.
“At Reliance Capital, we continually scan the horizon for new business avenues. Over the next 12 months, we plan to take our first steps in the world of investment banking,” Anil said.
Meanwhile, it may be a while before the Supreme Court delivers a verdict in the RIL-RNRL case, but Anil Ambani seems to have enough to ride on for now with several dreams in the works and possibly more moolah to boot.

source:NDTVPROFIT