Reliance Power Limited has officially announced the lapse of 12.50 crore outstanding warrants. The expiration follows the company’s inability to secure the conversion of these instruments within the mandated 18-month timeframe. As a result of this non-conversion, the total amount previously paid towards these warrants has been forfeited by the company, concluding the status of this particular issuance.
Details of Lapsed Warrants
Reliance Power Limited confirmed that 12.50 crore warrants that were previously held as outstanding have now lapsed. This development occurs following a predetermined 18-month conversion period during which these warrants were not exercised by the holders. Under the terms governing these financial instruments, the lapse results in the forfeiture of all capital amounts that had been paid against these warrants to date.
Strategic Context
The company had previously communicated developments regarding these warrants in earlier disclosures dated October 28, 2024, May 07, 2025, and May 20, 2025. This latest update serves as the final determination regarding the status of these specific warrants. The lapse reflects the completion of the contractual window provided for the conversion of these warrants into equity shares of the company.
Source: BSE
