Reliance Power Board Clears Fundraising Plan Of Up To ₹90 Billion

Reliance Power Ltd. on Wednesday said its board has approved raising up to ₹60 billion through equity shares or other equity-linked instruments. The board has also cleared issuing non-convertible debentures worth up to ₹30 billion.

The company said in an exchange filing that the specific terms and structure of the fundraising will be decided later by the board.