MUMBAI: Anil Ambani-led Reliance Energy on Monday said it has raised nearly Rs 7,835 crore through allotment of convertible warrants to group company AAA Project
Ventures Pvt Ltd.
"The Committee of Directors on January 20 has allotted 4,30,00,000 warrants convertible into equivalent number of equity shares of the company of Rs 10 each at a price of Rs 1,822.08 (including a premium of Rs 1,812.08) to AAA Project Ventures Pvt Ltd," Reliance Energy said in a filing to the Bombay Stock Exchange.
The warrants would be convertible into equity shares at any time up to July 19, 2009, it added.
Shares of Reliance Energy were trading at Rs 1,936 each, down 8.85 per cent at 1257 hrs at BSE.
