Shares of Anil Ambani-led company Reliance Power are in the news on Thursday. Because today there is an upper circuit of 5 percent in the shares of the company. As soon as the market opened on Thursday, shares of Anil Ambani's company opened at Rs 41.08 and reached an intraday high of Rs 42.47. The reason for the rise in the stock is that Reliance Power has got the approval of the shareholders to raise Rs 1,524.60 crore by issuing preferential shares.
The company gave information
The company informed the stock exchange late on Wednesday night that the proposal has been passed by postal ballot with the required majority. As per the postal ballot notice, the company has paid Rs. 33 per share through preferential issue of 46.20 crore shares and/or warrants, convertible into equivalent shares of Rs. Rs 1,524.60 crore will be raised. The Board of Directors of Reliance Power Limited on September 23 through a preferential issue of Rs. Rs 1,525 crore was approved. Under this, promoters in the company can invest Rs. There will be an investment of Rs 600 crore. The total assets of the company through preferential issue are around Rs 1,000 crore. Rs 11,155 crore. Rs 12,680 crore will be lost.
stock status
Shares of Reliance Power, which operates in the power generation and distribution sector, are currently trading at Rs. Is 42.47. Today the stock's intra-day low is ₹40.45 and intra-day high is ₹42.47. Reliance Power has given returns of 5% in five days, 6.02% in the last month and 50.28% in the last three months. The company's shares have risen 80% so far this year and 60% this year. The stock has gained 1,203.38% in five years. During this period its price has increased by Rs 3 from the current price.
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