Reliance Infra shares zoom 50% in 5 days; here’s why
In the past three months, the share price of Reliance Anil Dhirubhai Ambani Group company has risen 122%, touching its 52-week high of ₹320 intraday today.
In the past three months, the share price of Reliance Anil Dhirubhai Ambani Group company has risen 122%, touching its 52-week high of ₹320 intraday today.
The Reliance Anil Dhirubhai Ambani Group company has zero debt from banks and financial institutions.
Shares of Reliance Power, a part of the Reliance Anil Dhirubhai Ambani Group, were locked in 5% lower circuit at ₹31.10 per share on Tuesday.
SEBI bars Anil Ambani and 24 other entities, including former Reliance Home Finance officials, from the securities market for 5 years in a fund diversion case
The entities have been found to have either received illegally obtained loans or served as intermediaries in facilitating the unlawful fund diversion from RHFL.
IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, had submitted the highest bid of ₹9,650 crore to take over debt-ridden Reliance Capital
In the past three months, the share price has nearly doubled from ₹16.3 to ₹33.10 level.
The NCLT has asked to the lenders to delay the new auction for completing the hearing.
Anil Ambani’s R-Infra files an international arbitration claim worth ₹13,400 cr against Adani Transmission before Mumbai Centre for International Arbitration.
Reliance Power to sell a 15% stake in the company to VFSI Holdings at an issue price of ₹15.55 per share, aggregating to ₹933 crore.