Reliance Power warrants conversion news: Anil Ambani's company allots 105500000 shares

Power Share Price Target, Reliance Power Warrants Conversion: Reliance Power, a company owned by Anil Ambani , has approved the conversion of warrants into shares. According to an exchange filing by Reliance Power, the company has allotted more than 10 crore shares upon the conversion of warrants. "Allotment of 10,55,00,000 fully paid up equity shares of Rs 10 each, at a price of Rs 33 (inclusive of a premium of Rs 23) per share, aggregating Rs 348.15 crore, upon exercise of right attached to the Warrants...," Reliance Power said in an exchange filing.