The Reliance Energy, led one of the richest businessmen of India Anil Ambani, has announced that it has raised its fund by a huge amount of around Rs. 7.835 crore through the allotment of convertible warrants. The officials of the company have stated that it has allotted the warrants to the groups company named AAA Project Ventures. The company has recently informed the Bombay Stock Exchange (BSE) through a filing.
I the filing, the Reliance Energy has stated, "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". The company further said in the filing that the holders of the warrants would be able to convert them into equity shares at anytime before 19th July, 2009.
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| Posted : 1/22/2008 |
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