Reliance Energy allots 707856 equity shares on conversion of ZCFCCBs

Reliance Energy Ltd has announced that the Committee of Directors of the Company at its meeting held on December 11, 2007, has allotted 7,07,856 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 Zero Coupon Foreign Currency Convertible Bonds (ZCFCCBs) aggregating US$ 15.755.

Consequent upon the said allotment, the paid-up capital of the Company stands increased to 23,58,65,049 fully paid-up equity shares of Rs 10 each.

Source : Equity Bulls

Keywords