Anil Ambani-Owned Reliance Power share price in focus after this plea of ​​Reliance Capital. Check details

Reliance Power Share Price: Investors in the Dalal Street will be closely watching the share movement of Reliance Power Limited on Monday, August 25, and the company said it received an application from Reliance Capital Limited requesting the reclassification of its status in terms of shareholders. In a regulatory filing, the Anil Ambani-Owned company said that Reliance Power ‘received an application from Reliance Capital Limited to reclassify the status of the company’s promoter group to the public, consequently to the implementation of the Resolution Plan of Reliance Capital Limited by Indusind International Holdings Limited’. If the plea of ​​Reliance Capital is accepted by the Board of Reliance Power, it could mean that the entity, which now has a substantial control and had a significant influence on Reliance Power, will be named a public shareholder and sheds its promoter status. Reliance Power shareholding pattern by Anil Ambani and Family Reliance Power shareholders currently includes Anil Ambani and his family, acting as the company’s promoter group. The other promoter groups include Reliance Infrastructure Limited, Reliance Innoventures Private Limited, Reliance Wind Turbine Installators Industries Private Limited, Reliance Project Ventures and Management Private Limited. According to Exchange, Anil Ambani, the promoter of Reliance Power, has 4,65,792 shares, which is 0.01 percent of the total shares of the company. Anil Ambani’s mother, Kokilaben Ambani, owns 0.02 percent or 9,16,461 shares in Reliance Power, while his wife Tina Ambani owns 0.01 percent or 4,12,708 shares. His son Jai Anmol Ambani owns 4.17.439 or 0.01 percent of the Reliance Power shares, while the other son Jai Anshul Ambani has 25 shares in his name. Reliance Power Share Price Shares of Reliance Power Limited closed 2.30 percent on the BSE on Friday, which closed at £ 48.93 per piece on Friday, compared to £ 50.08 at the end of Thursday. The share price of Reliance Power was slightly higher at Friday’s Open, and scaled its peak of £ 50.90 per share, after which it dropped. Disclaimer: The views and recommendations above are those of individual analysts, experts and brokerage companies, not of currency. We advise investors to check with certified experts before making investment decisions.