Reliance Power Ltd to raise Rs. 1000 crores through NCDs

The Board of Directors of Reliance Power Ltd at its meeting held on March 18, 2016, have given their in-principle approval to the Company for issue of Non-Convertible Debentures for an aggregate amount not exceeding Rs. 1000 crores to be issued in one or more tranches on such terms and conditions as may be finalized from time to time, by persons severally authorized by the Board.

Shares of RELIANCE POWER LTD. was last trading in BSE at Rs.46.75 as compared to the previous close of Rs. 46.1. The total number of shares traded during the day was 752087 in over 2090 trades.

The stock hit an intraday high of Rs. 47 and intraday low of 46.2. The net turnover during the day was Rs. 35022564.

Source : Equity Bulls

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