Reliance Power Limited announced a private placement of up to 462,000,000 equity shares and/or warrants convertible into equity shares at a price of INR 33 for gross proceeds of INR 15,246,000,000 on September 18, 2024. The securities will be issued on preferential basis. The transaction has been approved by the board of directors of the company.

The transaction will include participation from new investors Authum Investment & Infrastructure Limited, Sanatan Financial Advisory Services Pvt Ltd, returning investor Reliance Infrastructure Limited.