Shares of Reliance Power fell nearly 5 percent during morning trade on the NSE on April 15 after the company had reported that it had completed the slump sale of its Vashpet, Maharashtra wind power project to JSW Renewable Energy. At 10 am, the stock was trading at Rs 26.JSW Energy was also down 1.29 percent, trading at Rs 608.50.In a regulatory filing on April 12, Reliance Power reported that it ...

Cool bullsVoltas shares have been on a roll of late. Conviction in the stock seems to have gone up in the last couple of sessions after the company surprised the Street with a strong operating performance in the March quarter. The proprietary desk of the Pearl brokerage had been steadily accumulating stock for HNI clients over the last few months even as most analysts tracking the sector were skep...

Reliance Power (RPL) has received its board’s approval to raise upto Rs 933 crore by way of equity infusion from a group company of global investment firm Varde Partners.This comes days after the Anil Ambani group company entered into an agreement with Varde Partners to raise up to Rs 1,200 crore in debt, which it was planning to use for settling debt.In a stock exchange update on Thursday, the ...

Institutional investors dissented on nine resolutions with more than 25% votes cast, including the asset monetisation plan of Reliance Power (RPower), while they supported another 73 proposals with a 100% majority.A whopping 99.88% of institutional investors voted against RPower’s plans to dispose of certain assets to reduce debt and liabilities. The special resolution was rejected, according to...

BSE Sensex and Nifty 50 were eyeing a tepid start on Tuesday, as suggested by trends on SGX Nifty in early trade. Nifty futures were trading 13.5 points or 0.08 per cent up at 17,165 on Singaporean Exchange. The ongoing Russia Ukraine crisis and fluctuation in crude oil prices amid supply constrain is expected to keep investors on edge. In the previous session, the Sensex settled 571.44 points ...