Reliance Energy raises Rs 348 cr by way of preferential subject of shares, ETCFO
New Delhi, Reliance Energy on Wednesday stated it has raised Rs 348.15 crore by way of preferential subject of shares. The corporate stated 9.55 crore fairness shares have been issued to Reliance Infrastructure (promoter) and 1 crore shares to Basera House Finance Non-public Restricted (public).
The ten.55 crore totally paid-up fairness shares have been issued at a value of Rs 33 per share (together with a premium of Rs 23 per share) aggregating to Rs 348.15 crore, it stated.
The capital infusion will strengthen firm’s development trajectory within the renewable vitality sector.
The corporate made a preferential subject of 46.20 crore warrants aggregating Rs 1,525 crore in October 2024.
A minimal upfront quantity of 25 per cent was paid on the warrants and the steadiness 75 per cent was payable in 18 months.
Absolutely paid warrants are convertible into equal variety of fairness shares.
Reliance Energy stated it “maintains a zero-bank debt place, making certain a robust, unleveraged steadiness sheet. This enhances monetary flexibility and helps sustainable development, positioning the corporate to capitalize on future alternatives and drive long-term worth creation.”
A part of Reliance Group, Reliance Energy is a number one non-public sector energy technology firm with an working portfolio of 5,305 megawatts, which incorporates 3,960 megawatts Sasan Energy.
