{"id":420234,"date":"2021-06-14T12:21:55","date_gmt":"2021-06-14T06:51:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420234"},"modified":"2021-06-14T12:21:55","modified_gmt":"2021-06-14T06:51:55","slug":"reliance-power-to-convert-rs-1325-cr-reliance-infra-debt-into-equity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-power-to-convert-rs-1325-cr-reliance-infra-debt-into-equity\/","title":{"rendered":"Reliance Power to convert Rs 1,325 cr Reliance Infra debt into equity"},"content":{"rendered":"<p>Reliance Power NSE 4.80 % will issue shares and warrants worth Rs 1,325 crore to group company Reliance Infrastructure NSE 3.73 % to convert the latter\u2019s outstanding loan and interest into equity, the Anil Ambani-led companies said on Sunday.<\/p>\n<p>The decision taken by the board of the two companies of the cash strapped-Reliance Group is aimed at reducing the debt of Reliance Power which has defaulted on debt repayment to lenders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Power NSE 4.80 % will issue shares and warrants worth Rs 1,325 crore to group company Reliance Infrastructure NSE 3.73 % to convert the latter\u2019s outstanding loan and interest into equity, the Anil Ambani-led companies said on Sunday. The decision taken by the board of the two companies of the cash strapped-Reliance Group is aimed at reducing the debt of Reliance Power which has defaulted on debt repayment to lenders.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-420234","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420234","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420234"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420234\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}