close

Anil Ambani planning to increase stake in Reliance Infra, Reliance Power

Ambani also informed shareholders that Reliance Power had refrained from availing a moratorium on its loans, calling the moratorium a 'financial penalty'

Anil Ambani's Reliance Naval risks insolvency as banks say no to debt plan
Premium

Promoters hold a 14.59 per cent stake in Reliance Infrastructure and 19.29 per cent in Reliance Power as of March this year.

Mumbai
Anil Ambani, chairman of Reliance Infrastructure (RInfra) and Reliance Power (RPower), told shareholders at a virtual annual general meeting (AGM) on Tuesday that promoters will increase their stake in the

Also Read

Anil Ambani's sons quit Reliance Infra board in less than six months

Will not face insolvency proceedings, says Anil Ambani's Reliance Infra

Early-bird results: 7-day Covid-19 lockdown in March affected India Inc

SBI board accepts resolution plan for sale of RCom, subsidiaries

Anil Ambani group firm Reliance Infra defaults on loans to Yes Bank, others

Diamond industry may extend voluntary ban on imports beyond June

Kia, Hyundai and LG Chem join hands to identify EV startups for investment

Icra downgrades Yes Bank's tier-II bonds to 'D' after RBI clampdown

CIL's coal allocation for non-power sector jumps to 6 MT in April-May

Kitchen appliance firms see resurgence in demand from stressed households

First Published: Jun 23 2020 | 5:44 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com