Reliance Power board approves raising $500 million through FCCBs
Reliance Power‘s board on Thursday approved raising $500 million (Rs 4,200 crore) through unsecured foreign currency convertible bonds (FCCBs), the company said in a regulatory filing. The FCCBs are to be issued to affiliates of Värde Investment Partners, LP, a leading Global Alternative Investment Firm. “Issue of up to $500 million ultra-low cost interest of…