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Reliance Power’s Reclassification Bid Rejected by Stock Exchanges

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Reliance Power’s Reclassification Bid Rejected by Stock Exchanges

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Reliance Power Limited ( (IN:RPOWER) ) has provided an announcement.

Reliance Power Limited announced that its application to reclassify Reliance Capital Limited from a promoter group to a public category was rejected by the BSE and NSE. The rejection was due to the absence of specific mention of this reclassification in the NCLT Order, impacting the company’s efforts to adjust its promoter group structure.

More about Reliance Power Limited

Reliance Power Limited operates in the energy sector, focusing on the development, construction, and operation of power projects. The company is part of the larger Reliance Group, which is involved in various industries including telecommunications, financial services, and infrastructure.

YTD Price Performance: -22.14%

Average Trading Volume: 3,886,128

Current Market Cap: 139.8B INR

Find detailed analytics on RPOWER stock on TipRanks’ Stock Analysis page.

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