Reliance Power board approves fundraising as much as Rs. 1,325 cr

Reliance Power board approves fundraising as much as Rs. 1,325 cr

by admin- Monday, June 14th, 2021 03:37:42 PM

The board of Reliance Power has authorized the plan to raise price range up to Rs. 1,325 crore thru preferential issue of equity stocks, the Anil Ambani-subsidized business enterprise announced on June thirteen.

The Board of Directors, who met earlier inside the day, gave their assent to the proposed plan of preferential allotment of as much as 59.Five crore equity stocks to institution business enterprise Reliance Infrastructure Ltd. The shares would be allotted at an issue rate of Rs. 10 every.

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