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Our Bureau

Mumbai , March 31

Reliance Energy Ltd (REL) has informed stock exchanges on Friday that the committee of Directors of the company at its meeting held today has allotted 1,04,16,000 equity shares of Rs 10 each for cash at a price of Rs 573 per share to the promoters, against the outstanding warrants issued on August 2, 2005. These shares will be subject to lock in up to August 1, 2006.Consequent upon the said allotment, the paid-up capital of the company stands increased to 21,23,20,251 fully paid up equity shares of Rs 10 each and the net worth will increase to about Rs 6,954 crore.

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