Reliance Power to raise Rs 4,198 crore through convertible bonds

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Reliance Power’s shares closed at Rs 53.65 per share, up 4.99 per cent, while the benchmark Sensex was lower by 2.10 per cent at 82,497.10 points.

The bonds, set at an ultra-low interest rate of 5 per cent per annum, will mature in 10 years and be convertible into equity at Rs 51 per share.

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Category: BusinessFinance

Markets: IndiaSingapore

Topics: Reliance Power Convertible bonds Reliance group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 22:05:47 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 12 lines

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Copyright Owner: © Business Standard

News ID: 22866369

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