Reliance Power Approves Fundraise Plan Of Rs 9,000 Crore

Anil Ambani's Reliance Power to raise ₹6,000 crore via QIP, FPO; ₹3,000 crore through debentures. Details here

Source: Live Mint The board of directors of Anil Ambani-led Reliance Power, during its meeting held on Wednesday, July 16, approved plans to raise up to ₹9,000 crore through a combination of equity and debt instruments. The company is planning to raise ₹6,000 crore through a qualified institutions placement (QIP), follow-on public offer, or a combination of both. The power major also plans to issue secured or unsecured, redeemable, non-convert…

Reliance Power to raise INR 9,000 crore via QIP, FPO and NCDs

Reliance Power has approved plans to raise up to INR 6,000 crore via a Qualified Institutions Placement (QIP), follow-on public offer (FPO), or a combination of both. The company also plans to raise up to INR 3,000 crore through the issuance of non-convertible debentures (NCDs).Reliance Power has approved plans to raise up to INR 9,000 crore through a combination of equity and debt instruments. Of this, up to INR 6,000 crore will be raised via a…

Reliance Power Approves Fundraise Plan Of Rs 9,000 Crore

Anil Ambani-led Reliance Power Ltd. approved on Wednesday a comprehensive fundraising plan totalling up to Rs 9,000 crore.The board has given its nod to raise up to Rs 6,000 crore through the issuance of equity shares, equity-linked instruments or other eligible securities. This fundraising may be conducted via qualified institutional placement, follow-on public offer or a combination of both, targeting qualified institutional buyers.In addition…