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Reliance Power allotted 10.55 crore fully paid equity shares at Rs. 33 each, raising Rs. 348.15 crore via accelerated warrant conversion. Promoter Reliance Infrastructure Limited got 9.55 crore shares, while Basera Home Finance (public) received 1 crore shares. This capital boost reinforces the company’s renewable growth plans, keeps debt at zero, and enhances financial flexibility for future investments. Promoter holding rises significantly, signaling confidence in the firm’s strategy.