Share of Anil Ambani’s company Reliance Power(NSE: RPOWER) is again on the upper circuit on Friday. The company’s share has increased by 5 %, to an amount of Rs 46.36.
Reliance Power share is in the upper part of the circuit for the 8th consecutive day. In 8 days, the company’s share has jumped by about 47 percent.
Reliance Power’s share has seen a rise of more than 4000 percent in the last four and a half years. In the last few days, many updates have come about this company of Anil Ambani.
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Reliance Power Shares Rise By More Than 4000%
Reliance Power’s share has risen by 4002 percent in the last four and a half years. The share of the company owned by Anil Ambani were at Rs 1.13 on 27 March 2020.
The company’s share reached Rs 46.36 on 27 September 2024.
If someone had put up Rs 1 lakh of Reliance Power shares on 27 March 2020 and continued to maintain his investment, that value for shares bought by a person who invested one lakh rupees would have been Rs 41.02 lakh as of today.
Major updates Regarding The Company
Many major updates have come regarding Reliance Power in the last few days.
The company’s Board of Directors has voted to approve the raising of an amount of Rs 1524.60 crore.
The board of Reliance Power has approved raising this fund through the preferential issue of equity shares/warrants up to 46.20 crore.
Anil Ambani’s company Reliance Infrastructure will increase its equity stake in Reliance Power by investing more than Rs 600 crore.
Also, Reliance Power has recently settled its obligations with CFM Asset Reconstruction.
Reliance Power subsidiary Rosa Power has paid off a debt amounting to the sum of Rs 850 crore towards Varde Partners.
With the prepayment, Rosa Power is close to achieving zero debt status. Reliance Power achieved debt-free status earlier this month.
The Uttar Pradesh-based coal plant operator wants to complete debt clearance by the end of the financial year.
Company Shares Climbed 141% In A Year
Reliance Power’s share has jumped 141 percent in a year. The company’s share was at Rs 19.19 on 27 September 2023.
Reliance Power shares reached Rs 46.36 on 27 September 2024. This year, the share of the company has risen an average of 93 %.
At the same time, Reliance Power shares have gained 67 percent in 6 months.
Quick Fact
| Company name | Reliance Power |
|---|---|
| Ownership | Anil Ambani |
| Share price increase (8 days) | 47% |
| Share price (27 Sept 2024) | ₹46.36 |
| Share price (27 March 2020) | ₹1.13 |
| Share rise (last 4.5 years) | 4002% |
| Share rise (last 1 year) | 141% |
| Share rise (6 months) | 67% |
| Share rise (this year average) | 93% |
| Fundraising amount approved | ₹1524.60 crore |
| Shares/warrants to be issued | 46.20 crore |
| Investment by Reliance Infrastructure | ₹600 crore |
| Subsidiary debt paid | ₹850 crore |
| Subsidiary name | Rosa Power |
| Debt status goal | Zero debt |
| Subsidiary location | Uttar Pradesh |
| Major creditor settled | CFM Asset Reconstruction |
| Debt repayment creditor | Varde Partners |
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