Reliance Power gets shareholders’ nod to issue of shares, warrants worth ₹1,325 cr to RInfra
The Hindu
RInfra had also consented to the proposed preferential issue and confirmed its eligibility.
Reliance Power on Wednesday said it has received shareholders’ approval to issue shares and warrants worth ₹1,325 crore to its promoter firm Reliance Infrastructure on preferential basis. The issue of shares and warrants to RInfra is aimed at reducing Reliance Power’s standalone debt by ₹1,325 crore. “The Shareholders of Reliance Power Limited (Reliance Power), through postal ballot, have approved with overwhelming majority, preferential issue of equity shares and warrants,” a company statement said.
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