Reliance Power board okays fundraising up to ₹9,000 crore via QIP, FPO, and debentures
non-convertible debentures
(NCDs).
In a stock exchange filing, Reliance Power said its board has approved seeking shareholders' approval for the issuance of equity shares or equity-linked instruments, including through Qualified Institutional Placement (QIP),
Follow-on Public Offer
(FPO), preferential allotment, rights issue, or other modes. The total equity fundraising is proposed up to ₹3,000 crore.
Additionally, the board cleared a proposal for raising funds up to ₹6,000 crore by issuing non-convertible debentures, subject to approval by the members at the ensuing
Annual General Meeting
(AGM).
'The Board of Directors of Reliance Power Limited, at its meeting held today, approved the raising of long-term resources by issuing equity shares/equity-linked securities for an aggregate amount not exceeding ₹3,000 crore and issuance of NCDs on a private placement basis for an aggregate amount not exceeding ₹6,000 crore,' the company stated.
Reliance Power also informed that the proposals will be placed before shareholders for approval at the company's upcoming AGM.
In its filing, the company said the proposed capital raise will enable it to augment long-term resources for funding growth, strengthening its balance sheet, and general corporate purposes.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
2 hours ago
- News18
From Cars To Drones, Air Taxis: Maruti Suzuki To Expand Into Future Mobility
One of the most talked-about developments under this new business strategy is the collaboration between Maruti's parent company, Suzuki Motor Corporation and Japanese firm SkyDrive Maruti Suzuki India Limited (MSIL), the country's largest passenger vehicle manufacturer, is gearing up to shift gears; this time, quite literally into the skies. The company is diversifying beyond conventional petrol and diesel cars with a bold new foray into drones, unmanned aerial vehicles (UAVs), and electric air taxis. In a major strategic pivot, Maruti Suzuki's board has approved an ambitious plan to enter advanced mobility sectors, a move formalised through a recently signed Memorandum of Understanding (MoU). These proposals were cleared at a board meeting held on July 31, 2025, and will be presented for shareholder approval at the upcoming Annual General Meeting (AGM) on August 28, 2025. The proposed expansion will see Maruti Suzuki step into futuristic domains such as EV charging infrastructure, car leasing services, and certified used car sales. The company also intends to play a key role in developing next-generation technologies and allied services like vehicle testing, R&D support, and supply chain management. This marks a decisive shift from Maruti's traditional role as an automaker into a broader mobility service provider. The move also aligns with growing global interest in green transport and urban air mobility solutions. One of the most talked-about developments under this new business strategy is the collaboration between Maruti's parent company, Suzuki Motor Corporation, and Japanese firm SkyDrive. The partnership, formalised in June 2023, focuses on manufacturing the SkyDrive SD-05, a next-generation electric vertical take-off and landing (eVTOL) aircraft. SkyDrive's SD-05 is built for short urban commutes, capable of flying up to 15 km with a top speed of 100 kmph. Known for its safety, cost-efficiency, and zero-emission design, it represents the cutting edge of Advanced Air Mobility (AAM), sometimes referred to as Urban Air Mobility (UAM). SD-05 Aircraft Debut At Vibrant Gujarat Summit The SD-05 aircraft made its Indian debut at the 10th Vibrant Gujarat Global Summit (VGGS) held from January 10 to 12, 2024. A 1:5 scale model of the eVTOL was showcased at the event, symbolising the beginning of India's journey into urban air mobility, with Maruti Suzuki at the helm. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
3 hours ago
- Business Standard
Titan Intech Posts 42.6% PAT Growth in Q1 FY 25; Announces Rs 4.5 Cr R & D Capitalization
PNN Hyderabad (Telangana) [India], August 5: Titan Intech Limited (BSE: TITANIN | 521005) is a global leader in software development. announced the outcomes of its Board Meeting held on July 31, 2025. The company reported net sales of ₹4.97 crore, up from ₹4.82 crore in Q1 FY25. EBITDA rose by 20.9% to ₹1.62 crore, indicating improved operational efficiency. Net profit (PAT) surged 42.6% to ₹0.64 crore, while earnings per share (EPS) increased to ₹0.20. Net sales declined sequentially from ₹5.78 crore in Q4 FY25 to ₹4.97 crore in Q1 FY26. Key Highlights: * The company reported a 3.18% year-on-year growth in Q1 FY 25. * Share capital increased from ₹55 crore to ₹100 crore and stock split (1:10) approved. * Allotment of 8 lakh equity shares on conversion of warrants completed. * Capitalization of ₹4.5 crore R & D spend on "3D Display & AI-Integrated Educational Platforms." However, EBITDA improved from ₹1.31 crore to ₹1.62 crore, and net profit rose from ₹0.52 crore to ₹0.64 crore. The results show steady top-line growth and strong margin expansion, supported by operational efficiencies and technology-driven initiatives. The Board approved an increase in the company's authorised share capital from ₹55 crore to ₹100 crore. It is along with a sub-division (split) of equity shares from ₹10 to ₹1 per share (1:10 split) to enhance liquidity, broaden the shareholder base, and make shares more affordable for retail investors. The record date for the split will be announced in due course. Further, the Board approved the allotment of 8,00,000 equity shares upon conversion of warrants, comprising 3,00,000 shares to Daevish Clothing Pvt. Ltd. and 5,00,000 shares to Single Point Consultancy Pvt. Ltd. Managing Director, Titan Intech Limited said: "Our Q1 performance, coupled with strategic initiatives like share capital expansion, stock split, and investments in AI-driven 3D educational technologies, reflects our strong focus on creating long-term shareholder value and technological leadership." Additionally, the company has capitalized ₹4.5 crore in R & D expenditure during Q1 FY26 towards its pioneering project, "3D Display & AI-Integrated Educational Platforms." The initiative focuses on developing next-generation immersive learning solutions, including AR/VR content development, glasses-free 3D displays, AI-powered gesture control systems and curriculum-aligned 3D simulation libraries catering to engineering, medical, vocational, and science education sectors. Titan Intech plans further investments of ₹10-15 crore in this project during FY26, with an amortization period of seven years starting FY27. About Titan Intech Limited Titan Intech Limited, founded in 1984, is a global leader in software development, focusing on innovation and dedication to empower businesses and organizations. Headquartered in Hyderabad, India, the company designs, develops, and manufactures LED video displays, luminaires, high-end electronic and telecommunication equipment, and telecom software. It also provides software development and technical services to various central and state government undertakings in India. The company's mission is to provide continuous technological advancements for productive and sustainable growth.
Hindustan Times
3 hours ago
- Hindustan Times
Pune real estate: K Raheja Corp subsidiary buys 7.43-acre land parcel near Pune for ₹195 crore
DLF aims to exceed an annual rental income of Rs 10,000 crore from its commercial properties, currently generating over Rs 6,000 crore. Chairman Rajiv Singh highlighted strong performance in housing development and rental sectors at the AGM, reporting record sales bookings of Rs 21,223 crore. He noted India's economic resilience and opportunities for growth amid global uncertainties.
