Reliance Energy allots 449 equity shares on conversion of ZCFCCBs

Reliance Energy Ltd has announced that the Committee of Directors of the Company at its meeting held on January 22, 2008, has allotted 449 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 Foreign Institutional Investor against the conversion of ten Zero Coupon Foreign Currency Convertible Bonds.

Consequent upon the said allotment, the paid-up capital of the Company stands increased to 23,65,03,305 fully paid-up equity shares of Rs 10 each.

Source : Equity Bulls

Keywords