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Shares of Anil Ambani group company Reliance Power rose over 7 percent on the BSE on Wednesday to Rs. It was 21.19. Reliance Power has allotted 7,59,77,000 shares to Reliance Commercial Finance. These equity shares have been allotted at a price of Rs 20 per share. Reliance Commercial Finance is a wholly owned subsidiary of Otham Investments. Earlier Reliance Commercial Finance was part of the Anil Ambani Group. In October last year, Otham Investments bought it through an out-of-court debt resolution process.
Shares of Reliance Power rose 1775%
Shares of Reliance Power have risen tremendously in the last three and a half years. Shares of Reliance Power traded on BSE on March 27, 2020 at Rs. was at 1.13. Shares of this Anil Ambani Group company closed at Rs 21.19 on Wednesday, September 6, 2023. Shares of Reliance Power have surged 1775% during this period. Shares of Reliance Power hit a 52-week low of Rs. It is 9.05. Shares of Reliance Power have gained 81% in the last 6 months.
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This company in Reliance Power and Reliance Infra Rs. 1043 crore is being invested
Anil Ambani Group’s two listed companies, Reliance Infrastructure and Reliance Power, Otham Investment and Infrastructure received Rs. 1043 crore is being collected. This money is being raised by issuing preference shares. According to a stock exchange disclosure, Reliance Commercial Finance Reliance Infrastructure has invested around Rs. 891 crore wants to invest. At the same time, it wants to invest Rs 152 crore in Reliance Power.
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