Reliance Power Ltd (NSE: RPOWER): An important update has been made concerning the Anil Ambani-owned firm Reliance Power Ltd.
The Board of Directors of Reliance Power Ltd at a meeting approved the raising of the amount of 1524.60 crore rupees by the issue of preferential shares the maximum of 46.20 crore equity warrants or shares.
The share of Reliance Power Ltd closed at Rs 40.05 on Tuesday, a gain of 5 % upper circuit on BSE. The share of the company has reached an all-time high for 52 weeks.
The share of Reliance Power Ltd has jumped more than 3200 percent over the past four and one-half years.
The Board Has Set The Price For The Issue At Rs 33 For Each Share
The Board of Reliance Power has fixed the issue price at 33 rupees per share. The promoter of Reliance Power Reliance Infrastructure Limited will increase its stake in the equity of this company through investments of over 600 crore rupees. Two investors are among the investors in the preferred issue.
The preferred issue is expected to boost the value of the company’s net assets from 11,155 crore rupees up to more than 12,680 crore rupees. Reliance Power Ltd has no bank loan.
Reliance Power Share Jumped More Than 3200 %
Reliance Power Ltd share has jumped 3275 % over the last four and five years. The company’s share was valued at 1.13 rupees on March 27, 2020.
Reliance Power share has reached the price of Rs 38.16 on September 23, 2024. The share of the company has experienced a stock rise of 190% in just three years.
The 52-week peak of shares in the company is 38.16 rupees. However, the 52-week low of share in the company is 15.53 rupees.
The Share Of Anil Ambani Rose More Than 100 % Within A Single Year
Reliance Power’s share has risen by an astounding 101.3 percent over the past year. The share of the company was 18.95 rupees on September 25, 2023.
The share of the company has risen to the price of Rs 38.15 on 23 September 2024. This season, Reliance Power share has witnessed a rise of 60 percent.
The share of the company was the price of 23.95 rupees at the time of 1 January 2024. Reliance Power share has reached 38.16 rupees on the 23rd of September, 2024.
Quick Fact
| Company name | Reliance Power |
|---|---|
| Promoter | Reliance Infrastructure |
| Funds to raise | ₹1,524.60 crore |
| Mode of raising | Preferential shares issue |
| Number of equity warrants/shares | 46.20 crore |
| Issue price per share | ₹33 |
| Promoter investment | ₹600+ crore |
| Possible target for net assets | ₹12,680 crore |
| Previous net assets | ₹11,155 crore |
| Bank loan | No bank loan |
| Share growth (4.5 years) | 3275% |
| Share value on March 27, 2020 | ₹1.13 |
| Share value on September 24, 2024 | ₹40.05 |
| Share growth in 3 years | 190% |
| 1-year share growth | 101.3% |
| Share value on September 25, 2023 | ₹18.95 |
| Share value on January 1, 2024 | ₹23.95 |
| Share growth in 2024 | 60% |
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