{"id":420213,"date":"2021-06-14T11:11:40","date_gmt":"2021-06-14T05:41:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420213"},"modified":"2021-06-14T12:54:53","modified_gmt":"2021-06-14T07:24:53","slug":"reliance-power-approves-issue-of-shares-to-rinfra-to-reduce-debt-by-13-25-bn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-power-approves-issue-of-shares-to-rinfra-to-reduce-debt-by-13-25-bn\/","title":{"rendered":"Reliance Power approves issue of shares to RInfra, to reduce debt by $13.25 bn"},"content":{"rendered":"<p>Anil Ambani-led Reliance Power (RPower) on Sunday approved a preferential issue of 59.5 crore equity shares and 73 crore warrants worth $13.25 billion ( \u20b91,325 crore) to its promoter firm Reliance Infrastructure. The move will help RPower&#8217;s standalone debt by \u20b91,325 crore, and cumulatively by $32 billion ( \u20b93,200 crore) in the current financial year, the company said in a filing before the Bombay Stock Exchange (BSE). <\/p>\n<p>The move was approved by Reliance Power&#8217;s board in a meeting on Sunday, the company said in the filing.<\/p>\n<p>The issue price for 59.5 crore equity shares and up to 73 crore warrants has been kept at \u20b910 each by conversion of debt to listed promoter firm Reliance Infrastructure Ltd, RPower said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anil Ambani-led Reliance Power (RPower) on Sunday approved a preferential issue of 59.5 crore equity shares and 73 crore warrants worth $13.25 billion ( \u20b91,325 crore) to its promoter firm Reliance Infrastructure. The move will help RPower&#8217;s standalone debt by \u20b91,325 crore, and cumulatively by $32 billion ( \u20b93,200 crore) in the current financial year, the company said in a filing before the Bombay Stock Exchange (BSE). The move was approved by Reliance Power&#8217;s board in a meeting on Sunday, the company said in the filing. The issue price for 59.5 crore equity shares and up to 73 crore warrants [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-420213","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420213"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420213\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}