Reliance Group restructures boards to dominate green energy and infrastructure

Reliance Group restructures boards to dominate green energy and infrastructure

Reliance Group’s flagship companies, Reliance Infrastructure Limited and Reliance Power Limited, announced a transformative restructuring of their boards on 18 November, aimed at driving their Vision 2030 growth strategy. This strategic shift is designed to infuse fresh energy into the leadership by elevating experienced internal talent to key decision-making roles while aligning with the company’s […]

Reliance Power wipes out massive Rs 3,872cr debt, paving way for a financial resurgence

Reliance Power wipes out massive Rs 3,872cr debt, paving way for a financial resurgence

Reliance Power Limited has shaken the financial world by announcing it has fully settled its mammoth corporate guarantee obligations worth INR 3,872.04 crore for Vidarbha Industries Power Limited (VIPL). This settlement, which involves the complete discharge of all corporate guarantees and related claims, marks a major turning point for Reliance Power and showcases its aggressive […]

Reliance Infra to go ahead with subscription to preferential issue of Reliance Power

Reliance Infra to go ahead with subscription to preferential issue of Reliance Power

Reliance Infrastructure Limited (Reliance Infra) said that its board of directors sanctioned the subscription of preferential issue of up to 59.5 crore equity shares and up to 73 crore warrants convertible into an equivalent number of equity shares of Reliance Power by converting outstanding debt, which includes interest aggregating up to INR 1,325 crore. According […]