Shares of Reliance Power hits 5% upper circuit at Rs 40.05 on Tuesday morning after the Anil Ambani-led company announced a preferential issue of 46.2 crore equity shares valued at Rs 1,524.60 crore. The shares will be issued at a price of Rs 33 per share, reflecting a 14% discount compared to Monday’s closing price.
Read More: Reliance Power hits 5% upper circuit as board approves Rs 1,524.60 cr preferential issue