Anil Ambani group firm Reliance Power said it paid over Rs 1,474 crore to redeem overseas bonds expiring today.
The company has paid the principal amount of $299.90 million corresponding to Rs 1,474.93 crore due on foreign currency convertible bonds (FCCBs).
The due date for the redemption of these bonds was today, Reliance Power said in a regulatory filing.
"In view of the above redemption, there has been no dilution in the company's equity share capital," it said.
Otherwise, Reliance Power would have had to issue 13,15,37,871 equity shares of Rs 10 each -- representing 4.48% of the paid-up share capital -- to bondholders upon exercise of their rights to convert the bonds into equity shares.
Reliance Power is now developing a power generating portfolio of over 35,000 MW.