Reliance Power has received approval from Board of Directors for raising funds up to Rs 6,000 crore through the issuance of equity shares and/or equity linked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and /or follow on public offer or a combination thereof; and issuance of secured / unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches / series, on a private placement basis or otherwise.
The issue of above securities shall be subject to requisite permissions, sanctions and approvals and as per the applicable provisions of law. Details and terms of issue of the said securities will be determined by the Board in terms of the approval of the shareholders at an appropriate time.
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.
