In a bid to comply with the minimum public shareholding norms from SEBI, three promoters of Reliance Power will sell their 5.42% stake in the firm through Offer for Sale (OFS) on December 19. At the end of September 2012, promoters held 80.42% stake in R-Power.
Reliance Infrastructure, Reliance Innoventures and AAA Project Ventures will together sell more than 152.1 million equity shares, making up about 5.42% stake in the company.
Reliance Power is a part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally.
| Company Name | CMP |
|---|---|
| NTPC | 400.00 |
| Tata Power | 441.35 |
| Adani Power | 227.50 |
| Power Grid Corp | 319.25 |
| Torrent Power | 1722.35 |
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