14th Nov 2007 07:00
Reliance Energy Ld14 November 2007 Sub: Early Conversion of Zero Coupon Foreign Currency Convertible Bonds of value US$ 178.058 milion (Rs. 800.18 crore) 1. In accordance with the terms of the outstanding Zero coupon Foreign Currency Convertible Bonds, the Company has issued notice for early conversion of these bonds, subject to necessary approvals. 2. Out of the issued amount of FCCBs of US$ 178.058 million (Rs.800.18 crore), bonds aggregating US$ 112.84 million (Rs. 507.09 crore) have already been converted into equity shares in the last 30 days at the conversion price of Rs 1,006.92 per share. FCCBs now outstanding amount to US$ 65.221 million (Rs. 293.09 crore) 3. Upon full conversion of the outstanding bonds, the net worth of the Company will increase by Rs 800.18 crore to Rs. 10,582 crore. Kindly bring the above to the notice of members. Yours faithfully For Reliance Energy Limited Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Reliance Inf S