Reliance Infrastructure Restricted $400 Mn . FCCB will problem for

Reliance Infrastructure Limited $400 Mn .  FCCB will issue for

The Board of Administrators of Reliance Infrastructure Restricted has licensed the issuance of US$ 400,000,000 5% Unsecured Overseas Foreign money Convertible Bonds (FCCBs) on a personal placement foundation. FCCB, as per the phrases of the FCCB, shall be convertible into fairness shares of Rs.10 every of the corporate at a worth of Rs. 123 (together with premium of Rs.113) per fairness share.

The FCCBs might be convertible into roughly 25,84,39,024 fairness shares of Rs 10 every of the corporate at a conversion worth of Rs. 123 (together with premium of Rs.113) per fairness share.

The above conversion worth is 5.60% greater than the minimal worth of Rs. 116.48 is calculated as the common of the weekly excessive and low of closing costs through the two weeks previous the related date i.e. August 5, 2022.

Shares of Reliance Infrastructure Restricted had been buying and selling at Rs. 121.35 as in comparison with the earlier shut of Rs. 125.15. The overall variety of shares traded through the day stood at 618679 in over 6084 trades.

The inventory touched an intraday excessive. 126.60 and intraday low 116.80. Web turnover through the day was Rs. 74933921.00.

Supply: Fairness Bulls

key phrases

Reliance Infrastructure
personal placement

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