Repayment to bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating. It will further strengthens Reliance Power's balance sheet as the company transitions its focus toward the renewable energy sector
Reliance board of directors approved a preferential issue of up to 59.5 cr equity shares and up to 73 cr warrants convertible into equivalent number of its equity shares, at an issue price of Rs 10 each by conversion of debt to listed promoter firm Reliance Infrastructure Ltd
