Reliance Power promoter group entity sells shares worth Rs 858 crore


Reliance Power promoter group entity sells shares worth Rs 858 crore

A promoter firm of Reliance Power has sold shares worth over Rs 858 crore to a group entity.

Reliance Infradevelopment offloaded a total of 18 crore shares over three days starting from March 20. The shares were sold in three tranches to Reliance Wind Turbine Installators Industries at different prices.

Each tranche had six crore shares.

Shares worth Rs 858.3 crore have been offloaded by Reliance Infradevelopment, according to a filing by Reliance Power to the NSE today.

The transactions are “inter-se transfer amongst qualifying persons,” as per the filing. Read More…

 

Credit By : Energy.economictimes.indiatimes.com

 

 

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