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Reliance Power Limited ( (IN:RPOWER) ) just unveiled an update.
Reliance Power Limited has disclosed that the Securities and Exchange Board of India (SEBI) has initiated a forensic audit of the company. The audit will examine alleged violations of the SEBI Act, the Securities Contracts (Regulation) Act (SCRA) and the Companies Act, 2013, signaling heightened regulatory scrutiny over the company’s compliance practices and governance. The move could have implications for investor confidence, regulatory risk assessment, and oversight standards within the wider Indian power and capital markets, as stakeholders await the audit’s findings and any potential enforcement actions.
More about Reliance Power Limited
Reliance Power Limited is an Indian power generation and infrastructure company engaged in developing, constructing and operating power projects across various fuel sources. The company is part of the broader Reliance Group and is listed on major Indian stock exchanges, serving India’s electricity market through large-scale utility projects.
Average Trading Volume: 6,330,269
Technical Sentiment Signal: Sell
Current Market Cap: 138.3B INR
For detailed information about RPOWER stock, go to TipRanks’ Stock Analysis page.