- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Anil Ambani’s Reliance skyrockets on share market, once lost 99% of value, now soaring after Rs 8000000000…
Anil Ambani owned Reliance Power's share in 2008 was trading for around Rs 260.78 and after a massive downfall, the share price was around Rs 1.13 on 27 March 2020.
Updated : Jun 12, 2024, 08:34 AM IST
 "Anil Ambani")
TRENDING NOW
)
Meet woman who leads Rs 56360 crore company, daughter of India's richest female in engineering sector
)
Elon Musk announces future of ultra-fast travel, claims US to India trip will just take...
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
Meet Madhuri, Karisma's rival who rejected Shah Rukh Khan films; became star after giving 8 superhits in a year, now...
)
Ashneer Grover breaks silence after Salman Khan confronts him in Bigg Boss 18: 'It's ok if he doesn't...'
)
Amid Abhishek Bachchan and Aishwarya Rai divorce rumours, both avoid daughter Aaradhya Bachchan's...
)
New train ticket booking rules: Indian Railways shortens advance reservation period from 120 days to...
)
Kanguva box office collection day 5: Suriya, Disha Patani, Bobby Deol film earns Rs 56 crore
)
Arjun Kapoor's sister Anshula Kapoor calls him 'green flag' post his breakup with Malaika Arora: 'During periods he...'
)
'Bhaut badi galti...': Amitabh Bachchan regrets inviting Abhishek Bachchan on KBC 16 amid divorce rumours with Aishwarya
)
'Jaya Bachchan, is that you?': Mukesh Khanna loses cool as he asks paps to keep quiet, netizens roast him in return
)
Meet man, who made first mobile call in India from Nokia 29 years ago, it cost Rs...
)
Meet Ajay Devgn, Akshay's heroine who gave 7 flops, 0 hits in 6 years, got trolled for her singing; now turned YouTuber
)
Meet Dharmendra's 'best friend', next superstar after Rajesh Khanna, who was guarantee for hits; career ruined after...
)
7 times XXX, Gandii Baat actress Aabha Paul crashed the internet by flaunting her sexy curves
Anil Ambani, the younger brother of India’s richest man Mukesh Ambani with Rs 954203 crore net worth, is scripting a massive comeback with Reliance Power. Shares of Anil Ambani owned Reliance Power touched the upper circuit on June 11. After nearing 52-week high levels, stock of Anil Ambani’s Reliance Power closed at 28.67 apiece on BSE. The jump came after Reliance Power became a debt free company on a standalone basis. Anil Ambani Reliance Power had a debt of around Rs 800 crore and it has paid all the outstanding dues to the lending banks. Over the past few months, the company signed numerous debt settlement agreements with a range of banks including ICICI Bank, Axis Bank, DBS and IDBI Bank.
To recall, Reliance Power share in 2008 was trading for around Rs 260.78 and after a massive downfall, the share price was around Rs 1.13 on 27 March 2020. After making a slow recovery over the years, Anil Ambani’s Reliance Power once again has the attention of traders. Anil Ambani was once one of the richest in the country and the sixth richest man in the world and had a net worth of more than Rs 1.83 lakh crore. However, Anil Ambani declared bankruptcy before a UK court in February 2020.
Anil Ambani’s Reliance Power currently has an equity base of Rs 4016 crore with participation of more than 38 lakh retail investors. It has an operating capacity of 5900 MW including 3960 MW Sasan UMPP and 1200 MW Rosa Thermal power plant in Uttar Pradesh.
