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

Reliance Infrastructure Ltd. has approved raising up to $350 million (₹2,930 crore) through unsecured foreign currency convertible bonds (FCCBs) to VFSI Holdings Pte. Ltd. These bonds, convertible at ₹330 per share, feature a low 5% annual coupon and a 10-year maturity. 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.

October 01, 2024
8 Articles

Further Reading