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Reliance Power on Thursday said that it would raise Rs 933 crore through a private placement of shares to VFSI Holdings, an affiliate of investment firm Varde Partners. This would result in VFSI picking up a 15 per cent stake in the company.
The announcement comes within days of Reliance Power stating that it would raise upto Rs 1,200 crore from Varde Partners, a global alternative investment firm specialising in credit and credit-related assets.
The private placement of shares announced on Thursday following a board meet will happen at Rs 15.55 apiece, the company said in a filing to the
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