Reliance Power (RPL) and its subsidiaries have signed definitive documents with Varde Partners to raise debt of about Rs 1000 crore. The transaction is subject to satisfaction of conditions precedent as identified in the definitive documents. The proceeds will be utilized to settle and discharge / restructure existing debts; thereby achieve debt resolution and enhance credit profile.
Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The Company has one of the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.
