A big update has come regarding Anil Ambani-owned company Reliance Power. In a meeting held on Monday, the Board of Directors of Reliance Power has approved raising Rs 1524.60 crore through preferential issue of up to 46.20 crore equity shares/warrants. Shares of Reliance Power closed at Rs 38.16 on Monday with a gain of 5 percent in BSE. The company’s shares have made a new high of 52 weeks. Reliance Power shares have jumped more than 3200 percent in the last 4 and a half years.
The board has fixed the issue price at Rs 33 per share
The board of Reliance Power has fixed the issue price at Rs 33 per share. Reliance Power’s promoter Reliance Infrastructure Limited will increase its equity stake in the company by investing more than Rs 600 crore. Authum Investment and Infrastructure Limited and Sanatan Financial Advisory Services Private Limited are the other investors in the preferential issue. The preferential issue will increase the company’s net worth from Rs 11,155 crore to more than Rs 12,680 crore. Reliance Power has no bank debt.
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Reliance Power shares jumped more than 3200%
Reliance Power shares have jumped 3275 percent in the last four and a half years. The company’s shares were at Rs 1.13 on 27 March 2020. Reliance Power shares have reached Rs 38.16 on 23 September 2024. The company’s shares have seen a rise of 190 percent in 3 years. The 52-week high level of the company’s shares is Rs 38.16. At the same time, the 52-week low level of the company’s shares is Rs 15.53.
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This share of Anil Ambani rose more than 100% in one year
Reliance Power shares have risen by a whopping 101.3 percent in the last one year. The company’s shares were at Rs 18.95 on 25 September 2023. The company’s shares have reached Rs 38.16 on 23 September 2024. So far this year, Reliance Power shares have seen a jump of 59 percent. The company’s shares were at Rs 23.95 on 1 January 2024. Reliance Power shares have reached Rs 38.16 on 23 September 2024.
