Reliance Energy - FCCBs

Reliance Energy Ltd has informed that the Committee of Directors of the Company at its meeting held on November 26, 2007, has allotted 5,85,423 equity shares of Rs 10 each for cash at a price of Rs 1,006.92 (including a premium of Rs 996.92) per Share to various Foreign Institutional Investors against the conversion of 13,030 Zero Coupon Foreign Currency Convertible Bonds.

Consequent upon the said allotment, the paid-up capital of the Company stands increased to 23,46,95,323 fully paid-up equity shares of Rs 10 each.