The Navi Mumbai-based company announced last week that it has no debt from banks and financial institutions after settling dues of 38.72 billion rupees owed by its unit.

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.

Anil Ambani has made a spectacular comeback with fresh equity investment in Reliance Infrastructure after the company along with Reliance Power achieved debt-free status by clearing around Rs8,000 cor

Anil Ambani led Reliance Power has made a massive comeback in the last 6 months from increasing in share price to market capitalization, it's touching its new high.

The bull run in Reliance Power shares continued on Tuesday as the counter jumped 5 per cent to hit the upper circuit for the 4th day in a row. Reliance Power is owned by Anil Ambani. Reliance Power shares opened at a new 52-week and day's circuit at Rs 40.