Reliance Power to raise Rs 1,325 cr from Reliance Infra to trim debt

Reliance Power, which is part of Anil Ambani Group, plans to raise Rs 1,325 crore from its promoters to reduce debt. It will issue equity shares and convertible warrants to Reliance Infrastructure, which will see its stake in Reliance Power rise to 38% from the current 9%.

from Stocks-Markets-Economic Times https://ift.tt/3iCsBLR