Reliance Power has received shareholders' approval to issue shares and warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure on preferential basis. The issue of shares and warrants to RInfra is aimed at reducing Reliance Power's standalone debt by Rs 1,325 crore.
Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.
