Reliance Infra to raise Rs 750 crore via FCCBs

Reliance Infrastructure

Reliance Infrastructure

Reliance Infrastructure stated its board has accredited elevating as much as Rs 750 crore via means of issuing overseas foreign money convertible bonds (FCCBs) on a personal placement basis. Reliance Infrastructure in a BSE filing additionally stated that Sandeep Khosla has been appointed as Chief Financial Officer (CFO) of the company. 

“We hereby tell you that the Board of Directors of the Company has authorized the difficulty of as much as USD 100,000,000 unsecured overseas foreign money convertible bonds maturing in 2031 (FCCBs) with a chit charge of 4.five consistent with cent on personal placement basis.”  “The FCCBs will be convertible into fairness stocks of Rs.10.00 every of the Company according to the phrases of the FCCBs, for Rs 111 (inclusive of a top rate of Rs 101) consistent with fairness shares,” it said.The agency will have difficult bonds inside 30 days from the Issue ultimate date and the choice will be taken via means of the board in an assembly on Saturday.



Virat Kohli

Virat Kohli hilariously mimics Shikhar Dhawan's signature batting posture

Virat Kohli has the ability to fascinate those who watch him in more ways than one. The Indian skipper is known for his performance on the pitch, but...

Fantasy Cricket tips

Fantasy cricket tips for Sri Lanka U-19 vs Bangladesh U-19

Sri Lanka Under-19 will play Bangladesh U19 within the 2d Youth ODI of the five-fit collection at the Rangiri Dambdulla International Stadium at Rangi...

States & UTs

10 disappeared when the boat was in the Ghaghara River at UPs near Lakhimpur Kheri

10 disappeared when the boat was in the Ghaghara River at UPs Lakhimpur Kheri Capsizes

At least ten people were missing after a boat capsized Wednesday in the Ghaghara River near the village of Mirzapur in the Lakhimpur Kheri district of...

NH9 connecting Noida

The NH9 connecting Noida, Gaziabad, and Delhi remains closed for 22 days

Due to the repair work, Carried by the National Highway Authority of India, the vehicles are further permitted to ply from Tigri roundabout to Noida a...


Priyanka Gandhi Vadra

Article 144 imposed after police arrest of Congress leader Priyanka Gandhi Vadra

Congress President Priyanka Gandhi Vadra was arrested by police on Wednesday in Lucknow on her way t...

Captain Amarinder Singh

Captain Amarinder Singh ahead of launching a new party, further hopes for a seat pact in the upcoming 2022 Punjab Polls

The former chief minister of Punjab Captain Amarinder Singh has made an announcement that he is abou...


Actress Pooja Bedi

Actress Pooja Bedi tests positive for Covid-19, say ‘I choose to stay unvaccinated’

Bollywood actress Pooja Bedi has been tested positive with Coronavirus. The actress along with her f...

Sardar Udham Movie

‘Sardar Udham’ Review: a portrait of the man with a history and mystery

Director Shoojit Sircar’s Sardar Udham is a biopic that is based on a man of history and myste...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.