Reliance Power has announced the lapse of 21.82 crore outstanding warrants, along with the amount paid on them, due to non-conversion within the stipulated 18-month period. This disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company had initially issued these warrants, but the conversion did not occur within the prescribed timeframe, resulting in their lapse. The announcement follows a previous communication from Reliance Power dated October 29, 2024, regarding these warrants.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).