Reliance Energy FCCBs update

Reliance Energy Ltd has informed about the following:

1. In accordance with the terms of the outstanding Zero coupon Foreign Currency Convertible Bonds, the Company has issued notice for early conversion of these bonds subject to necessary approvals.

2. Out of the issued amount of FCCBs of US$ 178.058 million (Rs 800.18 crore), bonds aggregating US$ 112.84 million (Rs 507.09 crore) have already been converted into equity shares in the last 30 days at the conversion price of Rs 1,006.92 per share. FCCBs now outstanding amount to US$ 65.221 million (Rs 293.09 crore).

3. Upon full conversion of the outstanding bonds, the net worth of the Company will increase by Rs 800.18 crore to Rs 10,582 crore.