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Reliance Power shares hit upper circuit after co turns profitable


Reliance Power shares hit upper circuit after co turns profitable
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Last Updated: May 10, 2021, 11:54 AM IST
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The total income of the company stood at Rs 1,691.19 crore in the March quarter as against Rs 1,902.03 crore a year ago.
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The scrip hit the upper circuit of 10 per cent to log a new 52-week high of Rs 6.62.
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NEW DELHI: Reliance Power shares hit the upper circuit in early deals on Monday after the Anil Ambani-led firm reported a consolidated net profit of Rs 72.56 crore for the March quarter, mainly due to lower expenses.
The company had posted a consolidated net loss of Rs 4,206.38 crore for the corresponding three-month period a year ago, it said in a filing to BSE. Sales declined 7.98 per cent to Rs 1,654.57 crore ....

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Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption


Firms/companies > R > Reliance Industries
Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption
05 April 2021
The Anil Ambani-led  Reliance Infrastructure has sold Reliance Centre, the premises housing the group’s headquarters, to Yes Bank for Rs1,200 crore as part of a debt repayment process.
Reliance Infrastructure Limited (RInfra) and Yes Bank Limited (Yes Bank) on Thursday announced the sale transaction of Reliance Centre, Santacruz, Mumbai to Yes Bank. The transaction value is Rs 1,200 crore, Reliance said in a stock exchange filing.
“Entire proceeds from the sale of Reliance Centre, Santacruz, is utilized only to repay the debt of Yes Bank”, as per the stock exchange filing. ....

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Reliance Infra share spikes 10% on selling Santacruz HQ to YES bank


Reliance Infra share spikes 10% on selling Santacruz HQ to YES bank
Shares of Anil Ambani-led Reliance Infrastructure rose as much as 9.98 per cent to hit intraday high of Rs 38.55 on the BSE after the firm said it has sold Reliance Center in Santacruz to YES Bank for Rs 1,200 crore
BusinessToday.In | April 1, 2021 | Updated 13:40 IST
Anil Ambani-led Reliance Infrastructure shares fall 10% on Thursday
Shares of Reliance Infrastructure Limited rallied 10 per cent on Thursday after the power generation and infrastructure firm said it has sold Reliance Center, the Mumbai headquarter of Anil Ambani s Reliance Group, to YES Bank for Rs 1,200 crore. The private lenderwill convert the building as its corporate headquarters, as per report. ....

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