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Reliance Communications Update by Epic Research

Epic Update Reliance Communications
Epic Update Reliance Communications

To raise Rs 3,000 crore via qualified institutional placement (QIP)

To raise Rs 4,300 crore via QIP and warrants issue -Sets floor price for QIP at Rs 149.61/share

Offer price of QIP at Rs 142.13/share, 5 percent to floor price

To allot up to 8.67 crore preference warrants for up to Rs 1,300 crore

To allot up to 8.67 crore preference warrants to promoters at Rs 150/share

To use proceeds of QIP and preferential allotment to repay debt

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