Reliance Energy - Board Meeting on Dec 02, 2007

News Body:

Reliance Energy Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 02, 2007 to consider proposal for raising long term resources by way of preferential allotment of equity and / or equity related securities, and / or long term debt, and / or other financial instruments to augment funds for its various investments and infrastructure development projects.

Reliance Energy Limited has informed the Exchange that at the meeting held on December 02, 2007, the Board of Directors of the Company have approved the proposal for new equity capital infusion of up to Rs.8,000 crore to the Company. It is proposed to seek the necessary approval of shareholders through Postal Ballot. Further, the Company has submitted to the Exchange a copy of the media release dated December 02, 2007, titled "Reliance Energy to substantially enhance Net Worth and borrowing capabilities to pursue Mega Opportunities; Reliance Anil Dhirubhai Ambani Group to infuse New Equity Capital of up to Rs. 8,000 Crore; New Equity Capital infusion at a price of Rs. 1,812 per share; A premium of 5% to market price and SEBI formula; Capital infusion at substantial premium reflects strong vote of confidence in future growth prospects". A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. Reference: NSEINDIA.com