Reliance Infrastructure - Allotment Of Warrants Into Equity Shares - July 10, 2009

Reliance Infrastructure Limited has informed that pursuant to the resolution passed by the equity shareholders of the Company through postal ballot on June 24, 2009, the Committee of Directors on July 09, 2009, allotted 4.29 crore warrants to AAA Project Ventures Private. Limited which are convertible into equivalent number of equity shares at a price of Rs 928.89 per equity share (including a premium of Rs 918.89 per equity share) determined in accordance with the relevant provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 on Preferential Issue at any time after October 09, 2009 but on or before 18 months from the date of allotment of warrants.

Reliance Infrastructure Equity Share Approve Scheme - June 09, 2009

Reliance Infrastructure Ltd has informed that the equity shareholders of the Company at its Court Convened meeting pursuant to the Order of the Honble High Court of Judicature at Bombay, held in June 09, 2009 have approved the Scheme of Arrangement between the Company and its Wholly owned subsidiaries Reliance Energy Generation Ltd, Reliance Goa and Samalkot Power Ltd, Reliance Power Transmission Ltd, Reliance Energy Ltd, Reliance Infraventures Ltd and Reliance Property Developers Ltd and their respective shareholders and creditors under Sections 391 to 394 of the Companies Act, 1956. The votes cast in favour of the resolution approving the Scheme were 99.9993% of the total votes cast at the meeting.

Reliance Anil Dhirubhai Ambani Provide In Infra Equity Shares - May 25, 2009

The Board of Directors of Reliance Infrastructure Limited (Rel Infra) approved a proposal for new equity share capital infusion of approximately Rs. 4,300 crore (US$ 913 Mn) into the Company. The equity share capital will substantially enhance Rel Infra''s net worth to over Rs. 16,000 crore, and further augment Its borrowing capabilities to Rs. 32,000 crore at even a debt:
equlty ratio of 2:1, thereby enabling greater participation in mega growth opportunities in high growth infrastructure areas, thereby generating superior returns for its over 1.6 million shareholders,

Commenting on the development, Shri Anil Dhirubhai Ambani, Chairman, Reliance Infrastructure Ltd., said, "We have a great sense of excitement at the unprecedented opportunities unfolding before Reliance Infrastructure, in high growth areas of power and infrastructure development. The new equity share capital infusion reflects our strong confidence in future growth prospects of the Company."

The new equity share capital infusion is proposed through a preferential offer of warrants to be converted into 42.9 mn equity shares, to the promoters, Reliance Anil Dhirubhai Ambani Group. Life Insurance Corporation, and other insurance companies, who have been long-term shareholders of the Company over the past several decades and who collectively hold approx. 20% of equity share, will be provided an opportunity to participate in the proposed offering, on the same terms and conditions.