Reliance Power: 21.82 Cr Warrants Lapsed Due to Non-Conversion

Reliance Power Ltd has announced that 21.82 crore outstanding warrants, previously issued by the company, have lapsed. This occurred because the warrant holders failed to convert them into equity shares within the stipulated 18-month period. Consequently, the amount initially paid on these warrants has also been forfeited. This update is in accordance with Regulation 30 of the Listing Regulations, 2015, and related SEBI Circulars. The lapsing of these warrants prevents potential equity dilution that would have occurred upon their conversion.