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Reliance Power planning to raise funds

10 Jun 2021 Evaluate

Reliance Power is considering raising of long term resources from domestic and/or global markets, inter alia, by issue of equity shares/ equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/ or qualified institutional placement and/or rights issue or any other method including determination of issue price, if any and seeking members' and other approval, as the Board may deem appropriate. A meeting of the Board of Directors of the Company will be held on June 13, 2021 to consider and approve.

Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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