India's Reliance Power considering stake sale to raise funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
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Source: Reuters
Funding Plans: Reliance Power is considering raising funds through options like stake sales and foreign currency convertible bonds to support its business expansion, with a board meeting scheduled for October 3.
Recent Developments: This follows the company's recent approval to raise $183 million through a preferential allotment, while also noting that it has settled its debts and has no outstanding loans from banks or financial institutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
