Reliance Power Share: Profit booking is going on once again in the shares of Anil Ambani’s company. The shares of the company have been falling continuously for the last few sessions. Talking about the shares of Reliance Power Company, today on Friday also it hit lower circuit of 5% and these shares had reached intra day low of Rs 39.67. Its previous closing price is Rs 41.75. Let us tell you that the shares of Reliance Power have fallen by 10%. However, earlier this stock had seen tremendous gains. This stock was continuously giving excellent returns in the month of September.
LIC also has a big stake
According to the shareholding pattern of Reliance Power, LIC holds 10,49,97,400 shares of the company. This is equal to 2.61 percent. The company’s shares have risen 30% in the last one month and 50% in six months. The stock has risen 75% this year YTD. It has increased by 131% in a year. The company’s shares have climbed 1700% in five years. However, in the long term there has been a sharp decline of up to 86%. The share price on 23 May 2008 was ₹274.
Also read: This share of Mukesh Ambani’s company fell to ₹ 22, the price is continuously falling, has increased
Approval to raise $500 million
Earlier this month, the board members of Reliance Power had approved raising $ 500 million (about Rs 4,198 crore) by issuing bonds. The company had said in the information given to the stock market that the board of directors also approved the employee share option plan for all the employees. According to the information, “The board of directors of Reliance Power has planned to raise $ 500 million at five percent annual interest. Has been approved. This amount will be raised through unsecured foreign currency convertible bonds with a tenure of 10 years at five per cent interest. The Board of Directors has approved the Employee Share Option Scheme (ESOS) to issue 22 crore equity shares worth more than Rs 1,180 crore to all the employees. ) was also approved.
(with agency input)
