
Reliance Power falls 8% on stake sale to VFSI Holdings
Reliance Power to sell a 15% stake in the company to VFSI Holdings at an issue price of ₹15.55 per share, aggregating to ₹933 crore.
Reliance Power to sell a 15% stake in the company to VFSI Holdings at an issue price of ₹15.55 per share, aggregating to ₹933 crore.
Reliance Infrastructure and Reliance Power nosedived up to 9% in tandem with a 0.8% fall in the BSE Sensex.
Anil Ambani stepped down from the boards of directors of both Reliance group companies after SEBI banned him from associating with any listed company.
The share of this Anil Ambani Group company has rallied despite reporting net losses in the last four quarters.
Apart from Sony, ZEE was also in talks with Reliance for a strategic investment deal
Indian companies are overhauling their portfolios through M&As by betting on digital, renewables, electric vehicles, consumer and fintech, say analysts at Bain & Company
Ambri Inc. in talks to provide liquid metal battery technology to Reliance for large scale battery manufacturing in India.
While Jio, O2C and Retail are the three horses now, it may soon have another one with more power: renewable energy.
2020 was the year of disruption. But it also underlined the resilience of Indian enterprise. The January 2021 issue, therefore, chronicles some of the past year’s game-changing corporate events.
Nita Ambani is putting in place entrepreneurial and philanthropic projects of global scale. That makes her an inspiration for millions of Indians.