Reliance Infrastructure’s board has approved raising up to Rs 750 crore by issuing up to $100,000,000 unsecured foreign currency convertible bonds maturing in 2031 (FCCBs) with a coupon rate of 4.5 per cent on private placement basis. The FCCBs shall be convertible into equity shares of Rs.10.00 each of the Company in accordance with the terms of the FCCBs, at a price of Rs 111 (including a premium of Rs 101) per equity share. The company will issue bonds within 30 days from the Issue closing date and the decision was taken by the board in a meeting on September 25, 2021.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space such as Power, Roads, Metro Rail and Defence.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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