Reliance Power stock crashes to 5% lower circuit
Fri, Oct 4, 2024 11:09 AM

Reliance Power stock crashes to 5% lower circuit

A Flip by Avya Verma
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Shares of Reliance Power fell to 5 percent lower circuit on October 4 amid market weakness. The slump comes a day after the Anil Ambani-promoted company said its board has approved the issue of up to Rs 4,200 crore worth of Foreign Currency Convertible Bonds (FCCBs), on private placement basis, to affiliates of Värde Investment Partners.

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