Anil Ambani’s Reliance Power Ltd NSE -9.86 % (RPL) will raise Rs 933 crore by offloading a 15% stake in the company to VFSI Holdings, the company said in an exchange filing on Thursday.
“Issuance of up to 60 crore equity shares and/or warrants convertible into equity shares through preferential allotment on a private placement basis to VFSI Holdings Pte. Limited, and in this regard, to enter into an investment agreement with the investor,” Reliance Power NSE -9.86 % said.
