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Reliance Infra, Reliance Power: Trading strategies for ADAG stocks

Despite a 50 per cent gain in May, Reliance Infrastructure continues to carry positive momentum. Now, the news of raising fund is likely to act as a positive catalyst in the near-term

Topics
Reliance Infrastructure | ADAG stocks | Anil Ambani

Avdhut Bagkar  |  Mumbai 



Anil Ambani
Reliance Infra approved raising of up to Rs 550.56 crore from its promoter, the Anil Ambani group and from Varde Investment.

Shares of -- the Anil Dhirubhai Ambani Group (ADAG) company -- touched 5 per cent upper circuit at Rs 73.3 apiece after its Board of Directors on Sunday approved raising of up to Rs 550.56 crore from its promoter, the group and from Varde Investment.

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First Published: Mon, June 07 2021. 11:41 IST

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