REL board approves Rs 5,000 cr FCCB issue

New Delhi, Dec 14 (UNI) Anil Ambani-owned Reliance Energy Ltd today said its board has approved the issue of Foreign Currency Convertible Bonds (FCCBs) in the international market, for an amount not exceeding Rs 5,000 crore.

The amount can be raised in tranches and at times, as may be decided by the board from time to time, said a statement.

UNI