Anil Ambani group firm Reliance Power has said it paid over Rs 1,474 crore

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to redeem overseas bonds expiring today.

The company has paid the principal amount of USD 299.90 million corresponding to Rs 1,474.93 crore due on foreign currency convertible bonds (FCCBs).

The due date for the redemption of these bonds was today, Reliance Power said in a regulatory filing.

"In view of the above redemption, there has been no dilution in the company's equity share capital," it said.

Otherwise, Reliance Power would have had to issue 13,15,37,871 equity shares of Rs 10 each -- representing 4.48 per cent of the paid-up share capital -- to bond holders upon exercise of their rights to convert the bonds into equity shares.

Reliance Power is now developing a power generating portfolio of over 35,000 MW.

Shares of the company rose marginally to Rs 87 in late afternoon trade on the BSE.