Reliance Power to seek board nod to raise funds via equity issuance

Move follows Reliance Infra board approval of Rs 550 cr fund-raising plan on Sunday

Anil Ambani-promoted power generating company Reliance Power would seek the board's nod in the upcoming meeting for raising funds through issuance of equity or equity linked instruments.

The meeting is scheduled for June 13, 2021. The Board of Directors "will consider and approve raising of long-term resources from domestic and/or global markets, inter alia, by issue of equity shares/ equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/ or qualified institutional placement and/or rights issue or any other method including determination of issue price, if any and seeking members'' and other approval(s), as the Board