Reliance Power board meet on June 13 to consider fund raising
By IANS |
0 Views
Reliance. (File Photo: IANS). Image Source: IANS News
New Delhi/Mumbai, June 9 : Reliance Power Ltd will hold a board meeting on June 13 to consider and approve raising of long-term resources from domestic and global markets.
In a notice to stock exchanges, Reliance Power said: Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company will be held on Sunday, June 13, 2021 to consider and approve raising of long term resources from domestic and/or global markets, inter alia, by issue of equity shares/equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/or qualified institutional placement and/or rights issue or any other method including determination o
Reliance Infra board approves preferential issue to promoters, Varde Investment Partners LP
By IANS |
0 Views
Construction site. (File Photo: IANS). Image Source: IANS News
New Delhi, June 6 : The Board of Directors of Reliance Infrastructure Ltd (RInfra) at its meeting held on Sunday has approved raising of funds upto Rs 550.56 crore by preferential allotment of upto 8.88 crore equity shares and/or warrants convertible into equivalent number of equity shares of the company to promoter group and VFSI Holdings Pte Ltd, an affiliate of Värde Investment Partners LP.
The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt.
Reliance Infrastructure Ltd board approves preferential issue to promoters and Värde Investment Partners, LP equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.