India's Reliance Energy forces conversion of $178.06 million 0% bonds

By Devika Patel

Knoxville, Tenn., Nov. 13 - Reliance Energy Ltd. informed the Bombay Stock Exchange that it is forcing an early conversion of its $178.058 million issued zero-coupon bonds.

The company has $65.221 million of the notes outstanding since $112.84 million of the bonds have already been converted into equity shares at Rs. 1,006.92 per share.

Mumbai, India-based Reliance Energy is a fully integrated utility engaged in the generation, transmission and distribution of electricity in India.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.