Reliance Power Ltd allots 205,788,000 warrants to VFSI Holdings Pte Ltd

Reliance Power Ltd has on October 21, 2022 made Preferential Allotment of 205,788,000 warrants of Rs. 15.55/- each convertible into equivalent number of equity shares for an aggregate consideration of Rs. 320,00,03,400 of which Rs. 80,00,00,850 (being 25% of the aggregate consideration) has been paid up front on a private placement basis to VFSI Holdings Pte. Limited, under public category.

An amount equivalent to 25% of the Issue Price of each warrant has been paid on subscription and allotment of each Warrant.

The balance 75% shall be payable by the warrant holder(s), if and when the right attached to warrant(s) to subscribe for the equity share(s) is exercised, within a period of 18 months from the date of allotment.

Shares of Reliance Power Limited was last trading in BSE at Rs. 16.30 as compared to the previous close of Rs. 16.20. The total number of shares traded during the day was 1373198 in over 2708 trades.

The stock hit an intraday high of Rs. 16.80 and intraday low of 16.05. The net turnover during the day was Rs. 22562416.00.

Source : Equity Bulls

Keywords

ReliancePower INE614G01033 RPOWER FundRaising PreferentialAllotment ConvertibleWarrants VFSIHoldings