Reliance Power Limited has informed the Exchange regarding Board meeting held on July 16, 2025.
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Reliance Power's Board, at its meeting on July 16, 2025, approved seeking shareholder authorisation for two fund-raising plans. First, it plans to raise up to ₹6,000 crore by issuing equity shares and/or equity-linked instruments to qualified institutional buyers through a Qualified Institutions Placement (QIP) and/or a follow-on public offer (FPO), or a combination of both. Second, it approved issuing secured or unsecured, redeemable, non-convertible debentures worth up to ₹3,000 crore in one or more tranches on a private placement basis. The combined potential fund raise is up to ₹9,000 crore, subject to shareholder approval and other regulatory clearances. The Board meeting lasted just 35 minutes, from 4:00 PM to 4:35 PM.
The ₹6,000 crore equity-linked raise, if executed, could lead to significant dilution for existing shareholders and may pressure the stock in the short term. The additional ₹3,000 crore in NCDs will increase debt obligations, so shareholders should watch for the final mix chosen and the purpose of the raise, as it could either strengthen the balance sheet or add to financial strain.