Reliance Power Share Price |
Shares of Anil Ambani-owned Reliance Power Company were trading at Rs 21.19, up 7 percent in Wednesday’s trading session. In the last three and a half years, the share price of this company has increased from Rs 1 to Rs 21. During this period Reliance Power Company shares have earned more than 1700 percent return to its investors.
Reliance Power Company has allotted 7,59,77,000 equity shares to Reliance Commercial Finance Company at a price of Rs 20 per share in Wednesday’s trading session. Reliance Commercial Finance is a subsidiary of Authom Investments Company. Today, Thursday September 7, 2023 shares of Reliance Power Company are trading at Rs 20.95, down 1.18 percent.
Last year in October 2022, Authom Investment Company bought shares of Reliance Power Company under an out-of-court debt resolution process. Since then, the share price of Reliance Power Company has strengthened by 1775 percent. Shares of Reliance Power Company have also surprised investors with their strong performance over the past three and a half years.
Shares of Reliance Power Company were trading at Rs 1.13 on 27th March 2020. On Wednesday, September 6, 2023, the stock closed at a price of Rs.21.19. The share price of Reliance Power Company has increased by a whopping 1775 percent during this period.
Shares of Reliance Power Company touched a 52-week low of Rs.9.05. Shares of Reliance Power Company have gained 81 percent in the last 6 months. Autom Investment and Infrastructure Company will invest Rs 1043 crore in two listed companies of Anil Ambani Group, Reliance Infrastructure and Reliance Power.
For this, Reliance Infrastructure and Reliance Power will issue preference shares in exchange of capital. According to SEBI, Reliance Commercial Finance Company will invest Rs 891 crore in Reliance Infrastructure Company and Rs 152 crore in Reliance Power Company.
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