{"id":520547,"date":"2022-09-09T09:35:48","date_gmt":"2022-09-09T04:05:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520547"},"modified":"2022-09-09T10:04:02","modified_gmt":"2022-09-09T04:34:02","slug":"varde-partners-to-pick-up-15-in-reliance-power-for-rs-933-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/varde-partners-to-pick-up-15-in-reliance-power-for-rs-933-crore\/","title":{"rendered":"Varde Partners to pick up 15% in Reliance Power for Rs 933 crore"},"content":{"rendered":"<p>Reliance Power on Thursday said that it would raise Rs 933 crore through a private placement of shares to VFSI Holdings, an affiliate of investment firm Varde Partners. This would result in VFSI picking up a 15 per cent stake in the company.<\/p>\n<p>The announcement comes within days of Reliance Power stating that it would raise upto Rs 1,200 crore from Varde Partners, a global alternative investment firm specialising in credit and credit-related assets. <\/p>\n<p>The private placement of shares announced on Thursday following a board meet will happen at Rs 15.55 apiece, the company said in a filing to the stock exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Power on Thursday said that it would raise Rs 933 crore through a private placement of shares to VFSI Holdings, an affiliate of investment firm Varde Partners. This would result in VFSI picking up a 15 per cent stake in the company. The announcement comes within days of Reliance Power stating that it would raise upto Rs 1,200 crore from Varde Partners, a global alternative investment firm specialising in credit and credit-related assets. The private placement of shares announced on Thursday following a board meet will happen at Rs 15.55 apiece, the company said in a filing to 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-520547","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\/520547","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=520547"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520547\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}