Update on Outstanding Warrants
As filed · Reliance Power Limited Update on Outstanding Warrants
CapitalWatchNotablemateriality 71 out of 100
What happened
FactReliance Power Limited has announced that 12.50 crore outstanding warrants have lapsed due to non-conversion within the prescribed period of 18 months. The amount paid for these warrants will also be forfeited. This disclosure is made in accordance with Regulation 30 of the Listing Regulations.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
Watch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
Evidence
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%