New Delhi, Sep 8 (PTI) Reliance Power (RPower) board has approved a proposal to raise Rs 933 crore through the issuance of equity shares to VFSI Holdings.

The board in its meeting held on September 8, 2022, has approved the proposal to issue up to 60 crore equity shares and/or warrants convertible into equity shares, to VFSI Holdings Pte Limited, a foreign investor (Investor), at an issue price of Rs 15.55 per share and/or warrant, aggregating to Rs 933 crore, according to a BSE filing.

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The board also approved the notice convening the extraordinary general meeting to be issued to the members seeking approval for the issuance of the equity shares.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)