Reliance Power raises INR 694.65 crore from preferential issue

Reliance Power Limited raised INR 694.65 crore from its preferential issue of convertible warrants during the quarter ended June 30, 2025.

The company issued 46.2 crore warrants at INR 33.00 each, totaling INR 1,524.60 crore. During the quarter, it received INR 49.50 crore from Basera Home Finance Private Limited and utilized INR 22.89 crore for general corporate purposes.

Reliance Power allotted 11.88 crore equity shares in May 2025 upon exercise of warrant rights, generating INR 392.04 crore. The remaining INR 26.49 crore is held as fixed deposits.