New Delhi: Reliance Power on Thursday said it had allocated 59.5 crore shares to rely on infrastructure.
In a statement, Reliance Power said it was also given to the promoter company 73 crore warrants.
“As a result, the target of shareholders through postal vote, Reliance Power has allocated 59.50 crore equity shares and 73 crore guarantee conversion to the number of equity shares equivalent to the company with the conversion of debt infrastructure to dependence,” he said.
After stock allotment, reliance infrastructure holding and other ruling promoters have increased to 24.98 percent.
This can increase by more than 38.24 percent on the conversion of the warrant, the statement said.
On Wednesday, Reliance Power said that it had received shareholder approval to issue shares and warrants worth RS 1,325 Crore to the infrastructure of the promoter company dependency prefering.
The problem of shares and warrants to rely on infrastructure is intended to reduce independent debt reliance power by RS 1,325 Crore, which is said by the company.
Reliance Power, part of the reliance group, is a leading private sector coal resource and resource company in India.
The company has one of the largest portfolio portfolios in the private sector in India, based on coal, gas and renewable energy, with an operating portfolio of 5,945 megawatts.