Reliance Power board clears $500 million fundraise via bonds
- Posted on October 3, 2024
- By Financial Express
- 5 Views
Reliance Power board clears $500 million fundraise via bonds
Reliance Power has received approval to raise $500 million through FCCBs from Värde Investment Partners. The bonds carry a 5% interest rate and can be converted into equity at Rs 51 per share. The company has also introduced an Employees Stock Option Scheme and repaid a debt of Rs 850 crore.
