Reliance Power Limited has informed the Exchange regarding allotment of 1,33,00,000 equity shares upon exercise of right attached to the Warrants
RPOWER · price
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Reliance Power has allotted 1.33 crore fully paid-up equity shares at Rs. 33 per share (including a premium of Rs. 23 over the Rs. 10 face value), raising Rs. 43.89 crores in total. The shares were issued to two investors upon exercise of warrants attached to a preferential issue: 33 lakh shares went to Reliance Infrastructure Limited (part of the promoter group) and 1 crore shares went to Basera Home Finance Private Limited. This follows an earlier communication dated October 28, 2024. The allotment is part of a preferential issue carried out under SEBI's ICDR Regulations.
This is a modest equity infusion of Rs. 43.89 crores that will dilute existing shareholders slightly. Since a major portion went to the promoter group company (Reliance Infrastructure), it signals continued promoter support, but no major price-moving catalyst is expected from this relatively small size.