Reliance Infrastructure’s board approves issuance of FCCBs as much as USD 400 million




Within the assembly held on 05 August 2022

The Board of Reliance Infrastructure in its assembly held on 05 August 2022 has approved the issuance of US$ 400,000,000 5% Unsecured International Forex Convertible Bonds (FCCBs) on 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.

operated by Capital Markets – Reside Information

(This story has not been edited by Enterprise Customary staff and is mechanically generated from a syndicated feed.)


Expensive reader,

Enterprise Customary has at all times labored onerous to offer up to date data and commentary on occasions which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how one can enhance our providing has additional strengthened our resolve and dedication to those beliefs. Even throughout these tough instances arising out of COVID-19, we’re dedicated to retaining you knowledgeable and up to date with related information, authoritative views and sharp feedback on related related points.
Nonetheless, we’ve a request.

As we grapple with the financial affect of the pandemic, we’d like your assist much more in order that we will proceed to give you extra high quality content material. Our subscription mannequin has obtained an encouraging response from lots of you who’ve subscribed to our on-line content material. Subscribing to extra of our on-line content material can solely assist us obtain our targets of offering you with higher and extra related content material. We imagine in impartial, unbiased and credible journalism. Your assist by means of extra subscriptions may help us apply the journalism we’re dedicated to.

assist high quality journalism and Subscribe to Enterprise Customary,

digital editor

First revealed: Sat, 06 August 2022. 10:12 IST



Supply hyperlink