Reliance Power has received approval from Board of Directors for raising funds up to Rs 6,000 crore through the issuance of equity shares and/or equity linked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and /or follow on public offer or a combination thereof; and issuance of secured / unsecured, redeemable, non-convertible debentures up to Rs 3,000 crore, in one or more tranches / series, on a private placement basis or otherwise.
The issue of above securities shall be subject to requisite permissions, sanctions and approvals and as per the applicable provisions of law. Details and terms of issue of the said securities will be determined by the Board in terms of the approval of the shareholders at an appropriate time.
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.
| Company Name | CMP |
|---|---|
| NTPC | 394.70 |
| Tata Power | 443.00 |
| Adani Power | 229.10 |
| Power Grid Corp | 315.75 |
| Torrent Power | 1733.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: