Reliance Power Share Price Surges in Friday’s Trading Session ๐
Shares of two listed companies owned by Anil Ambani, Reliance Infrastructure and Reliance Power, were trading with gains in Friday’s trading session. Despite selling pressure in the stock market, Reliance Infrastructure’s share was up by 13.52% at Rs 243.50 during trading. On the other hand, Reliance Power company’s shares were trading at Rs 22.13, up by 5%.
Reliance Power’s shares were trading at a 52-week high of Rs 33.10. The company has given a return of 106% to its investors in the past year. On Friday, 15th March 2024, Reliance Infrastructure’s share closed at Rs 238.70, up by 11.41%. Meanwhile, Reliance Power’s share closed at Rs 22.10, up by 4.99%.
On Monday, 18th March 2024, Reliance Power’s share was trading at Rs 23.20, up by 5.11%. The company recently signed a deal with ICICI Bank Limited, where Reliance Power Limited’s promoter Reliance Infrastructure company has taken the responsibility as a corporate guarantor.
Reliance Power Company has a 24.49% stake in Reliance Infrastructure. Public investors hold a 75.51% shareholding. Anil Ambani holds 4,65,729 shares of Reliance Power Company in his portfolio. Reliance Infrastructure, a company of Anil Ambani’s Reliance Group, is also a part of the promoter group of Reliance Power Company.
Reliance Infrastructure holds 93,01,04,490 shares of Reliance Power Company, accounting for a 24.40% stake. Anil Ambani’s wife, Tina Ambani, holds 4,12,708 shares of Reliance Power Company in her portfolio. Reliance Power is primarily engaged in the business of electricity production with an operational electricity production capacity of 416 gigawatts.
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