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flag Reliance Infrastructure approves $350m FCCB issue to VFSI Holdings, with 10-year maturity and 5% annual coupon.

flag Reliance Infrastructure Ltd. has approved raising up to $350 million (₹2,930 crore) through unsecured foreign currency convertible bonds (FCCBs) to VFSI Holdings Pte. flag Ltd. flag These bonds, convertible at ₹330 per share, feature a low 5% annual coupon and a 10-year maturity. flag Additionally, an Employees Stock Option Scheme (ESOS) was approved, allowing up to 26 million equity shares, representing about 5% of the company's diluted capital.

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