Reliance Power Ltd clarifies on SEBI's Order dated 22nd August, 2024 in the matter of Reliance Home Finance Ltd

The Securities and Exchange Board of India ("SEBI") has passed its final order dated 22nd August 2024 ("Order") in respect of Reliance Home Finance Ltd. & Ors.

Reliance Power Ltd. was not a noticee or party to the proceedings before SEBI in which the Order is passed. No directions are given in the Order against Reliance Power Ltd.

Mr. Anil Ambani had resigned from the board of directors of Reliance Power Ltd. pursuant to the interim order dated 11th February 2022 passed by SEBI in the same proceedings.

Therefore, the Order dated 22nd August 2024 passed by the SEBI has no bearing whatsoever on the business and affairs of Reliance Power Ltd.

Shares of Reliance Power Limited was last trading in BSE at Rs. 34.45 as compared to the previous close of Rs. 36.26. The total number of shares traded during the day was 37949700 in over 32042 trades.

The stock hit an intraday high of Rs. 38.07 and intraday low of 34.45. The net turnover during the day was Rs. 1370537957.00.

Source : Equity Bulls

Keywords

ReliancePower INE614G01033 RPOWER ElectricUtilities Clarification SEBIOrder RelianceHomeFinance