Reliance Power founders' stake sale fully covered

More than 152 mn shares in RPower were put up for sale on Wednesday

Reliance Power's 5.42% stake sale by its founders was fully subscribed, stock exchange data showed.

More than 152 million shares in Reliance Power, controlled by Anil Ambani, were put up for sale on Wednesday to meet a regulatory requirement to have a minimum 25% public float in listed companies.

At 2:30 PM, the indicative price for the bids received was at Rs 95.27 a share.