Anil Ambani Group led company – Reliance Energy Limited (REL) has announced today, that it has raised Rs 507 crore through conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares.

Reliance Energey said, in a statement “on full conversion of the outstanding bonds, the net worth of the company will increase by Rs 800.18 crore to Rs 10,582 crore.”

The company said in a filing to BSE, "In accordance with the terms of the outstanding zero coupon Foreign Currency Convertible Bonds, the company has issued notice for early conversion of these bonds subject to necessary approvals.”

REL closes today at Rs. 1857.50 on NSE, up by 2.23% or 40.60% from its previous close Rs. 1816.90. It touched intraday high of Rs. 1882.00 and low of Rs. 1802.00

Another Anil Ambani Group’s Reliance Money, provider of finance and investment solution has tied up with ANaRDe Foundation to popularize investment culture in rural areas.

Sudip Bandyopadhyay, Director and CEO of Reliance Money told, "Reliance Money plans to reach out to more than 22 lakh people across 16,000 villages in 79 districts and 18 states, currently being serviced by ANaRDe, with its bouquet of financial services and products. We will work with ANaRDe’s self-help groups to ensure that appropriate financial guidance is available to the rural masses that will help them in taking informed and beneficial investment decisions.”

The company today, also launched a free trading account for customers in Gujarat opening demat accounts