Anil Ambani-owned Reliance Power shares have been on an uptrend for the last eight sessions. After the announcement of debt settlement as a guarantor on behalf of Vidarbha Industries Power Limited (VIPL),

Reliance Power stock rose 5% to Rs 46.36 in early deals against the previous close of Rs 44.16 on BSE. The stock is trading in the green for the last 12 sessions.

One block deal was executed before the market opened and the others at the start of trading, with Reliance Power shares being transacted at a price of Rs 43.75 per share.

Reliance Power's shares surged to a 52-week high of Rs 42.06, hitting the upper circuit for six consecutive sessions, following the board's approval for a Rs 1,525 crore preferential offering., Compan

India's Reliance Power, part of Anil Ambani's Reliance Group, said on Monday that it plans to raise up to 15.25 billion rupees ($183 million) through a preferential allotment. The company aims to use the funds for business expansion and debt reduction.

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 Power shares rose 5% to Rs 38.15, hitting a seven-year high. The increase followed the announcement of a Board meeting on September 23 to discuss raising capital. Despite regulatory challenges faced by Anil Ambani,