Reliance Infrastructure Limited has informed the Exchange about Acquisition
RELINFRA · price
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Reliance Infrastructure Limited is acquiring 9.55 crore additional equity shares of Reliance Power Limited for Rs. 315.15 crore in cash, by exercising rights attached to warrants previously subscribed on a preferential basis under SEBI's ICDR Regulations. Post-acquisition, RInfra's stake in Reliance Power will rise from 23.18% to 24.90%. RInfra is already a promoter of Reliance Power, and the shares are being issued upon warrant conversion rather than a fresh open market purchase. Reliance Power, a power generation company, reported a consolidated income of Rs. 6,191.39 crore for the period ended December 31, 2024, with FY24 turnover of Rs. 7,892.60 crore.
This increases the promoter group's committed stake in Reliance Power without crossing the 25% open offer threshold, signalling continued promoter support for the power arm. For RInfra shareholders, it represents a Rs. 315 crore cash deployment into its group company, deepening the Reliance group cross-holding structure.