Reliance Power Ltd has updated about its next Board meeting for a fundraise. Reliance Power has settled all disputes with CFM Asset Reconstruction Private Limited (CFM). 100% shares of VIPL have been pledged in favour of CFM against the release and discharge of Corporate Guarantee given by Reliance Power.

Reliance Group, led by Anil Ambani, embarks on a transformation journey with debt reduction and fund raising initiatives. The group aims to solidify its financial position and invest in growth sectors.

Reliance Infrastructure shares have posted strong returns, rising 31.51% in the past month and 25.78% over six months. Year-to-date, the stock has surged 80.53%, delivering over 49.47% returns in the last twelve months,

Anil Ambani's Reliance Group has announced significant debt reduction and new fund-raising plans, signaling a potential transformation. Reliance Infrastructure and Reliance Power have both seen their market capitalizations surge.

Reliance Infrastructure, led by Anil Ambani, is seeking to raise Rs 6,014 crore to support its expansion plans.

The shares of Anil Ambani led Reliance Infrastructure on Friday (September 20) experienced a significant surge by more than 12 per cent, reaching a new 52 week high of Rs 320.40 apiece on the National Stock Exchange (NSE). This recent surge in the stock prices was in response to the company's board approval of a major fundraising inititiative.

Reliance Infrastructure shares climbed nearly 10% to hit a 52-week high of Rs 320 per share on Friday, September 20, in the early morning session at around 10:51 AM. As per BSE analytics, as of September 20,

Shares of Reliance Infrastructure zoomed 12.37% to a fresh 52-week high of Rs 320 on BSE. Market cap of the firm stood at Rs 12,622 crore.

Mumbai: Reliance Infrastructure Ltd, led by Anil Ambani, announced plans to raise up to Rs 6,014 crore through the sale of shares and convertible warrants on Thursday.