Reliance Power -

Reliance Power’s ₹1,525 Crore Share Issue to Boost Growth

insight shortsSeptember 25, 202401 mins

Strategic Move to Expand and Reduce Debt Reliance Power has announced a ₹1,525 crore preferential share issue by offering 46.2 crore shares at ₹33 each. This move aims to enhance its net worth to ₹12,680 crore and reduce debt. With zero bank debt, the company plans to use these funds for business expansion and investment…

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…