Report of the Monitoring Agency for the quarter ended June 30, 2025
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Power filed its quarterly Monitoring Agency Report (by Infomerics Valuation and Rating) for the quarter ended June 30, 2025, confirming no deviation in the use of funds raised via the preferential issue of 46.2 crore convertible warrants (issue price Rs. 33, total size Rs. 1,524.60 crore). During the quarter, 11.88 crore warrants were converted into equity shares (10.55 crore on May 7, 2025 and 1.33 crore on May 20, 2025) for a total consideration of Rs. 392.04 crore. Of the Rs. 1,524.60 crore proposed, Rs. 694.65 crore has been received so far, with Rs. 668.16 crore utilised and Rs. 26.49 crore parked in fixed deposits. Funds have been deployed across business expansion (especially renewable energy, Rs. 169.66 crore used), debt reduction (Rs. 151.06 crore fully utilized for the Rs. 340 crore target), and general corporate purposes including inter-corporate deposits to subsidiaries Dhursar Solar Power and Samalkot Power.
For shareholders: The conversion of 11.88 crore warrants into equity shares during the quarter will result in dilution of equity. The report confirms funds are being used as planned with no deviations, though only about 46% of total issue proceeds have been received and utilised so far, indicating the capital raise is still in progress.