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Reliance Power board meet on June 13 to consider fund raising
By IANS |
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Reliance. (File Photo: IANS). Image Source: IANS News
New Delhi/Mumbai, June 9 : Reliance Power Ltd will hold a board meeting on June 13 to consider and approve raising of long-term resources from domestic and global markets.
In a notice to stock exchanges, Reliance Power said: Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that 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 o
Infusion of fresh liquidity will enhance the company's financial flexibility and enable it to become a zero-debt company by March next year, Reliance Infrastructure said.