A combined 73.01 million equity shares representing 8 of Paisalo's total equity, changed hands and there were pending buy orders for 3.5 million shares on the NSE and BSE till 11:05 AM on Wednesday.
Reliance Power and Reliance Infrastructure have challenged Sebi's refusal to grant relief from restrictions linked to Anil Ambani, citing the impact on capital-raising plans
The Delhi High Court has refused to grant regular bail to the former Chief Financial Officer of Reliance Power Limited in a money laundering case linked to the issuance of an alleged fake bank guarantee of Rs 68 crore. Justice Madhu Jain dismissed the bail plea by Ashok Kumar Pal on Wednesday, stating that no ground was made out to give him reprieve in the case probed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act. Considering the allegations and the material before it, the court said it was unable to conclude that there were reasonable grounds to believe that Pal was not guilty of money laundering. The case pertains to a bank guarantee of Rs 68.2 crore submitted to the Solar Energy Corporation of India Limited (SECI) on behalf of Reliance NU BESS Limited, a subsidiary of Reliance Power -- an Anil Ambani group company-- which was found to be "fake". Justice Jain said the ex-CFO's claim that he had no knowledge of the alleged forgery and acted only
Reliance Power has reported a consolidated net loss of Rs 494 crore for the quarter ended March 31. The company had posted a consolidated net profit of Rs 125.57 crore in the corresponding quarter of the previous financial year, according to a regulatory filing. Total income declined to Rs 1,946.33 crore during the quarter under review from Rs 2,065.64 crore in the year-ago period. The company has reported a loss of Rs 336.89 crore for the fiscal year 2025-26, compared with a net profit of Rs 2,947.83 crore in 2024-25. Total income dipped to Rs 7,988.52 crore in FY26 from Rs 8,257.04 crore in the previous fiscal. The board approved a proposal for raising funds up to Rs 6,000 crore through the issuance of equity shares, equity-linked instruments and/or other eligible securities to qualified institutional buyers via a Qualified Institutions Placement and /or a follow-on-public offer or a combination of both. The board also approved a proposal for issuance of secured / unsecured, ..
Investors are betting big on the power sector companies, expecting a rise in electricity demand ahead of the peak summer season.
Reliance Infrastructure declined as much as 4.5 per cent the 52-week low of ₹89.70 per share on the National Stock Exchange (NSE)
Wipro, Cyient, Hexaware Technologies, KPIT Technologies and L&T Technology Services from the IT sector and Info Edge (India) and C.E. Info Systems from the IT-related sector hit 52-week lows on Monday
Reliance Power share price fell as much as 7.94 per cent to hit a 52-week low of ₹30.57 per share on the BSE during intra-day trading on Friday