Feb 24, 2024, 06:07 PM IST

Share price of this bankrupt company of Anil Ambani jumps 26 times in just...

Jaisal Kaur

The shares of Anil Ambani’s company, Reliance Power Ltd are sky-rocketting and ruling the share market for consecutive years.

In the last 6 months, the stock of company has given approximately 50 times the return to investors.

While, three years ago in 2020, Reliance Power’s share had fallen to Rs 1.

Currently, the company’s share is valued at Rs 26.

This implies that the company’s share has given 26 times the return to investors in just three years.

The company, Reliance Power is currently worth Rs 9900 crore.

Recently, the company also signed an agreement with DBS Bank India for the settlement of the entire obligations concerning its borrowings.