Corporate News 06-Aug-22
Board of Reliance Infrastructure approves FCCB issue up to USD 400 mn
At meeting held on 05 August 2022
The Board of Reliance Infrastructure at its meeting held on 05 August 2022 has authorised the issue of upto U.S.$ 400,000,000 5% unsecured Foreign Currency Convertible Bonds (FCCBs) on private placement basis. The FCCBs shall be convertible into equity shares of Rs.10 each of the Company in accordance with the terms of the FCCBs, at a price of Rs. 123 (including a premium of Rs.113) per equity share.
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