Reliance Power Limited has allotted 105.5 million fully paid-up equity shares at Rs 33 per share (including a premium of Rs 23 per share), aggregating Rs 3.48 billion, upon conversion of warrants.
Of the total, 95.5 million equity shares were allotted to Reliance Infrastructure Limited, and 10 million shares to Basera Home Finance Private Limited. The warrants were originally issued as part of a preferential issue and have now been converted into equity shares following regulatory approvals.