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Reliance Power board approves preferential issue of Rs 1,524 crore

Reliance Power board approves preferential issue of Rs 1,524 crore

Sep 24, 2024, at 07:18 pm

Mumbai/IBNS: Reliance Power’s board on Monday (Sept. 23) approved a plan to raise Rs 1,524.60 crore through a preferential issue of 462 million equity shares or warrants, convertible into an equivalent number of shares at Rs 33 per share or warrant, targeting promoters and other investors.