Reliance Power Raises Rs 348 Cr Via Preferential Issue Of Shares

New Delhi: Reliance Power on Wednesday said it has raised Rs348.15 crore through preferential issue of shares. The company said 9.55 crore equity shares were issued to Reliance Infrastructure (promoter) and 1 crore shares to Basera Home Finance Private Limited (public). The 10.55 crore fully paid-up equity shares have been issued at a price of Rs33 per share (including a premium of Rs23 per share) aggregating to Rs348.15 crore, it said. The capital infusion will strengthen company's growth trajectory in the renewable energy sector. The company made a preferential issue of 46.20 crore warrants aggregating Rs1,525 crore in October 2024.