debt reduction

Reliance Power Share Price: Reliance Power shares zoom 47% in 8 days. Here’s why

by
Reliance Power Share Price: Reliance Power shares zoom 47% in 8 days. Here’s why

Reliance Power shares hit the 5% upper circuit and a new 52-week high at Rs 46.36 once again today, marking a 46.6% rise over the last 8 consecutive trading sessions. The smallcap stock has been on a continuous upward trend during this period. The recent rally followed the company’s board approving the issuance of up … Read more

Reliance Infra Share Price: Reliance Infrastructure shares rally 12% to 52-week high on shareholders’ nod for Rs 3,000 crore QIP

by
Reliance Infra Share Price: Reliance Infrastructure shares rally 12% to 52-week high on shareholders’ nod for Rs 3,000 crore QIP

Shares of Reliance Infrastructure today rallied 12.4% to its new 52-week high of Rs 320 on BSE after the company’s board approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece. “We hereby inform you that the Board of Directors … Read more