Reliance Power shares are in upper circuit for 9 consecutive days
Reliance Power Share Price: Shares of Reliance Power, the company of Anil Ambani, younger brother of India’s richest man Mukesh Ambani, continued to rise for the 9th consecutive day. Shares of Reliance Power once again hit the upper circuit with a jump of 4.98 percent today and closed at a new price of Rs 48.66 on NSE. This price of the company’s shares also became its new 52 week high. The 52 week low of Reliance Power shares is Rs 15.55. Shares of Anil Ambani’s company Reliance Power hit upper circuit for the 9th consecutive time today.
Board of Directors meeting to be held on October 3
Since closing at Rs 31.40 on September 17, the company’s shares have been continuously hitting the upper circuit. The special thing is that a board meeting of the company is also to be held on Thursday, October 3, in which the proposal to raise funds is to be considered.
The price had fallen by about 5% in early trading on Monday
Last week on Friday, the company’s shares closed at Rs 46.35. On Monday, September 30, shares of Reliance Power opened with a decline of Rs 46.25. Immediately after the start of trading, profit booking was seen in the company’s shares and its price fell by about 5 percent to Rs 44.21. However, in the afternoon the shares not only recovered the losses but also hit the upper circuit with a gain of Rs 4.98 and reached a new 52 week high of Rs 48.66.
Anil Ambani’s company has paid off the loan
Let us tell you that this company of Anil Ambani has paid off all its debts. Not only this, Reliance Power’s subsidiary company Rosa Power has also recently repaid the loan taken from Singapore-based lender Verde Partners ahead of schedule. Rosa Power aims to become debt free by paying off all outstanding debt in the next quarter and is aiming to complete the process before the end of the current financial year.
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