News > Reliance Power To Issue Of Shares, Warrants Worth Rs 1,325 Cr To RInfra

Reliance Power To Issue Of Shares, Warrants Worth Rs 1,325 Cr To RInfra

Reliance Power''s board on Sunday approved a preferential issue of 59.5 crore equity shares and 73 crore warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure.

Its board of directors at a meeting on Sunday approved a preferential issue of up to 59.5 crore equity shares and up to 73 crore warrants convertible into equivalent number of its equity shares, at an issue price of Rs 10 each by conversion of debt to listed promoter firm Reliance Infrastructure Ltd, Reliance Power said in a BSE filing