Reliance Power share rises 5% as board to mull long-term fundraising

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Reliance Power shares advance in Monday’s trade2 min read Last Updated : Sep 30 2024 | 1:01 PM IST

Reliance Power share soared as much as 5 per cent, logging an intraday high of Rs 48.55 per share on the BSE on Monday. The upmove in RPower share can be attributed to the company’s board’s decision to mull raising funds from domestic and/or global markets in a meeting on Thursday, October 3.

At around 12:10 PM, shares of Reliance Power were up 4.57 per cent at Rs 48.48 per share on the BSE. By comparison, the BSE Sensex traded 1.10 per cent lower at 84,627.63 around the same time. Click here to connect with us on WhatsApp

“We wish to inform you that a meeting of the Board of Directors of the Company will be held on Thursday, October 03, 2024, inter alia, to consider and approve raising of long-term resources from domestic and/or global markets, by issue of equity shares/ equity linked securities/ warrants convertible into equity shares, by way of preferential issue…

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