{"id":426006,"date":"2021-07-15T08:40:52","date_gmt":"2021-07-15T03:10:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426006"},"modified":"2021-07-15T09:08:42","modified_gmt":"2021-07-15T03:38:42","slug":"r-power-gets-shareholders-nod-to-issue-shares-warrants-worth-rs-1325-cr-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/r-power-gets-shareholders-nod-to-issue-shares-warrants-worth-rs-1325-cr-2\/","title":{"rendered":"R Power gets shareholders&#8217; nod to issue shares, warrants worth Rs 1,325 cr"},"content":{"rendered":"<p>Reliance Power on Wednesday said it has received shareholders&#8217; approval to issue shares and warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure on preferential basis.<\/p>\n<p>The issue of shares and warrants to RInfra is aimed at reducing Reliance Power&#8217;s standalone debt by Rs 1,325 crore. <\/p>\n<p>&#8220;The Shareholders of Reliance Power Limited (Reliance Power), through postal ballot, have approved with overwhelming majority, preferential issue of equity shares and warrants,&#8221; a company statement said.<\/p>\n<p>Accordingly, it said that Reliance Power shall allot 59.50 crore equity shares and 73 crore warrants convertible into equivalent number of equity shares of the company at a price of Rs 10 each by conversion of debt, aggregating up to Rs 1,325 crore, to Reliance Infrastructure Ltd, a listed promoter company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Power on Wednesday said it has received shareholders&#8217; approval to issue shares and warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure on preferential basis. The issue of shares and warrants to RInfra is aimed at reducing Reliance Power&#8217;s standalone debt by Rs 1,325 crore. &#8220;The Shareholders of Reliance Power Limited (Reliance Power), through postal ballot, have approved with overwhelming majority, preferential issue of equity shares and warrants,&#8221; a company statement said. Accordingly, it said that Reliance Power shall allot 59.50 crore equity shares and 73 crore warrants convertible into equivalent number of equity shares of the [&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":[135,130,232],"tags":[],"class_list":["post-426006","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426006","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=426006"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426006\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}