Reliance Energy allots 1071553 equity shares

Reliance Energy Ltd has announced that the Committee of Directors of the Company at its meeting held on November 19, 2007, has allotted 10,71,553 equity shares of Rs 10/- each for cash at a price of Rs 1,006.92 (including a premium of Rs 996.92) per share to various Foreign Institutional Investors against the conversion of 23,850 Zero Coupon Foreign Currency Convertible Bonds.

Consequent upon the said allotment, the paid-up Capital of the Company stands increased to 23,41,09,900 fully paid-up equity shares of Rs 10 each.

Source : Equity Bulls

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