Reliance Power consolidated debt will reduce by Rs 3,200 crore in FY22," it said in a statement. Reliance Infrastructure and other promoter holding in Reliance Power will increase upto 25 per cent after issue of equity shares and will further increase to over 38 per cent on conversion of warrants, benefitting 8 lakh shareholders of Reliance Infrastructure. The board also approved seeking enabling authorisations of members for issuance of foreign currency convertible bonds and securities through qualified institutions placement.