Reliance Power to sell 15 per cent stake to VFSI Holdings
POWER & RENEWABLE ENERGY

Reliance Power to sell 15 per cent stake to VFSI Holdings

According to an exchange filing, Anil Ambani's Reliance Power (RPL) will reportedly raise Rs 9.33 billion by selling a 15 per cent stake in the company to VFSI Holdings. Issuance of up to 600 million equity shares and/or warrants convertible into equity shares via preferential allotment on a private placement basis to VFSI Holdings, and execution of an investment agreement with the investor, Reliance Power has reportedly stated. VFS Holdings is a subsidiary of global alternative investment firm Värde Investment Partners LP.

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According to an exchange filing, Anil Ambani's Reliance Power (RPL) will reportedly raise Rs 9.33 billion by selling a 15 per cent stake in the company to VFSI Holdings. Issuance of up to 600 million equity shares and/or warrants convertible into equity shares via preferential allotment on a private placement basis to VFSI Holdings, and execution of an investment agreement with the investor, Reliance Power has reportedly stated. VFS Holdings is a subsidiary of global alternative investment firm Värde Investment Partners LP. Also read: Yes Bank, GIFT City tie-up to support fintech industry Uno Minda to expand manufacturing capacity

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