Shyam Metalics and Energy concluded its qualified institutional placement (QIP), raising a total of Rs 1,385 crore. Veteran investor Madhusudan Kela, Europe s Societe Generale and Reliance Commercial Finance are among the many allottees.
Reliance Power and Reliance Infrastructure have signed standstill arrangements with DBS Bank and JC Flowers ARC, respectively, to settle their loans by the end of the fiscal year. In April 2023, Reliance Power settled loans with two of its lenders - JC Flowers ARC and Canara Bank, according to a disclosure by the company.
Reliance Power share price: The stock surged 5.38 per cent to hit a one-year high of Rs 33.10. At this price, the scrip has gained 48.03 per cent in seven trading days. And, it has given multibagger return by rallying 265.75 per cent from its 52-week low price of Rs 9.05, a level seen on March 28 last year when it turned into a penny stock.
Reliance Power share price: The stock jumped 20 per cent to hit a fresh one-year high of Rs 31.15. At this price, the stock has gained 39.31 per cent in five trading days. The scrip saw heavy trading volumes today.