Reliance Power board to mull fundraising via equity issue on June 13
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Synopsis
Shares of Reliance Power closed at Rs 11.57 on BSE on Wednesday, up 5% from their previous close.
ET Bureau
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Reliance Power did not disclose the amount that it plans to raise.
“A meeting of the board of directors of the company will be held on Sunday, June 13, 2021 to consider and approve raising of long term resources from domestic and/or global markets, inter alia, by issue of equity shares/ equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/ or qualified institutional placement and/or rights issue or any other method including determination of issue price, if any and seeking members' and other approval(s), as the board may deem appropriate,” the company informed bourses on Wednesday.