Anil Ambani - insight shorts

Reliance Power Settles Rs 3,872 Crore Debt, Achieves Debt-Free Status; Shares Hit Upper Circuit

insight shortsSeptember 18, 202401 mins

Reliance Power has fully settled its obligations worth Rs 3,872 crore as a guarantor on behalf of Vidarbha Industries Power, leading to the release of all related corporate guarantees. This development was followed by a 5% surge in Reliance Power’s stock, reaching Rs 32.97 on the NSE on September 18, 2024. The company also resolved…

Anil Ambani Group Stocks Fall Sharply After SEBI Ban

insight shortsAugust 26, 2024August 26, 202401 mins

Shares of Anil Ambani’s companies, including Reliance Power and Reliance Home Finance, dropped significantly today after SEBI banned Ambani and 24 others from the securities market for five years due to fund diversion issues. Reliance Infrastructure shares also took a hit. The SEBI order includes heavy fines and prevents Ambani from holding key positions, leaving…