Reliance Infrastructure Limited announced a private placement of up to 100 unsecured foreign currency convertible bonds at a price of INR 73,700,000 per bond for gross proceeds of INR 7,370,000,000 on September 25, 2021. The bonds carry fixed interest rate of 4.5% per annum, will mature in 2031 after 10 years and 1 day from the date of issuance, and will be convertible into approximately 6,63,96,396 common shares of INR 10 each, at a fixed conversion price of INR 111 per share. The bonds will be allotted within 30 days from the closing date. The transaction has been approved by board of directors of the company.