Reliance’s net worth up by Rs 900 cr

MUMBAI: Reliance Industries Ltd (RIL) today said investors in its 14 per cent non-convertible debentures (NCDs) have fully exercised the equity warrants issued along with the NCDs, resulting in its net worth increasing by Rs 900 crores to Rs 13,269 crore. RIL said the NCDs of the face valueof Rs 300 crore will be redeemed as per schedule at par on January 11, 2000. RIL’s fully diluted equity share capital now stands at Rs 1,053.76 crore. There are no further outstanding instruments convertible into equity share capital.