RIL shareholders pass resolution for pref warrant issue

omoter Group as per the SEBI Guidelines for Preferential Issue contained in the SEBI (Disclosure and Investor Protection) Guidelines, 2000.  The overwhelming majority of the votes received represented 70.23% of the paid-up equity capital of the Company and demonstrate the faith reposed by the investors in the Company and its Promoters. The Board of Directors had earlier approved the issue of 12 crore warrants to the promoter/promoter group exercisable in to equal number of shares at an issue price of Rs. 1402 aggregating to Rs. 16824 crores.  The warrants can be exercised into equivalent number of equity shares in tranches within a period of 18 months. The resolution having been overwhelmingly voted in favour of the issue of the above warrants, the promoter/promoter group shall be allotted the above warrants upon payment of 10% of the total issue price of Rs.1402 per warrant. Reliance Industries Limited Reliance Industries Limited (RIL) is India