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Reliance Power is planning to raise Rs 1,000 crore through issuing non-convertible debentures.
Reliance Power has said in a BSE filing that “The Board of Directors of the company… have given their in-principle approval to the company for an issue of non- convertible debentures for an aggregate amount not exceeding Rs 1,000 crore to be issued in one or more tranches.”
The filing further said that “The debentures may be secured or unsecured as may be determined at the time of isseu.”
The company has declared that the debentures to be issued may or may not be listed, however in case they are listed they will be listed on both, BSE and the National Stock Exchange.
