Reliance power limited -lrb-reliance power - Latest News Update, Information, Photos & Videos on Reliance power limited -lrb-reliance power at Lokmat Times

New Delhi, July 14 The shareholders of Reliance Power Limited (Reliance Power), through postal ballot, have approved with overwhelming majority, preferential issue of equity shares and warrants.Accordingly, Reliance Power shall allot 59.50 Crore equity shares and 73 Crore warrants convertible into equivalent number of equity shares of the Company at a price of Rs.10 each by conversion of debt, aggregating upto Rs 1,325 Crore, to Reliance Infrastructure Limited (Reliance Infrastructure), a listed promoter company.Reliance Infrastructure and other promoter group holding in Reliance Power shall increase to 24.98% and shall further increase to 38.24 per cent on conversion of warrants, benefitting ~ 8 lakh shareholders of Reliance Infrastructure.The shareholders of Reliance Power have also approved with overwhelming majority, the raising of funds by issue of: (i) foreign currency convertible bonds upto 50% of the then net-worth of the Company, and (ii) securities through qualified institutions placement upto 25% of the then net-worth of the Company.Reliance Power Limited, a part of the Reliance Group, is India's leading private sector power generation and coal resources company. The company has one of the largest portfolios of power projects in the private sector in India, based on coal, gas and renewable energy, with an operating portfolio of 5,945 megawatts.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Reliance power limited -lrb-reliance power, Latest News

Business :Reliance Power shareholders approve preferential issue to Reliance Infrastructure with over 94 pc votes in favour

With an overwhelming majority through postal ballot, shareholders of Reliance Power Limited (Reliance Power) have approved Preferential Issue of Equity Shares and Warrants. ...

International :Reliance Power shareholders approve preferential offer to RInfra with over 94% votes in favour

New Delhi, July 14 The shareholders of Reliance Power Limited (Reliance Power), through postal ballot, have approved with ... ...