Reliance Power board approves preferential issue of Rs 1,524 crore

Mumbai/IBNS: Reliance Power’s board on Monday (Sept. 23) approved a plan to raise Rs 1,524.60 crore through a preferential issue of 462 million equity shares or warrants, convertible into an equivalent number of shares at Rs 33 per share or warrant, targeting promoters and other investors.

Reliance Power settles Rs 3,872 crore in obligations, achieves debt-free tag

Mumbai/IBNS: Shares of Reliance Power Ltd surged by 5 percent on Wednesday (Sept. 18) after the company announced that it had fully settled its Rs 3,872 crore obligation as a guarantor for Vidarbha Industries Power (VIPL), reports Moneycontrol.

Adani Power in talks to buy Reliance Power's 600-MW thermal plant in Nagpur: Report

Ahmedabad/IBNS: Adani Power, a subsidiary of Adani Group, is in discussion to acquire the 600-MW Butibori thermal power project in Nagpur for Rs 2,000-3,000 crore, and the value of the deal could translate into Rs 4-5 crore per megawatt, Mint reported on Monday (Aug 19) citing its sources.

Reliance Power becomes debt-free company on standalone basis, pays all its debts and dues

Mumbai/IBNS: Reliance Power, a part of Reliance Anil Dhirubhai Ambani Group, has become a debt-free company on a standalone basis clearing all outstanding debts and dues to lenders, reports said.