For Quick Alerts
For Daily Alerts

    Reliance Power Divests Stake In Jharkhand Integrated Power


    Reliance Power, which is part of the Reliance Anil Dhirubhai Ambani Group announced the divestment of its entire holding in Jharkhand Integrated Power, set up to develop Tilaiya UMPP, to Jharkhand Urja Vikas Nigam Limited.

    Reliance Power Divests Stake In Jharkhand Integrated Power

    The company will be transferring its complete holding of 1,49,900 equity shares priced at Rs 10 each, aggregating to Rs 14,99,000 to Jharkhand Urja Vikas Nigam Limited, which is acting on behalf of procurers of Tilaiya UMPP.

    The consideration received from the sale of the stake in Jharkhand Integrated Power is Rs 112.64 crore.

    Jharkhand Integrated Power Limited, a Special Purpose Vehicle (SPV) was created for the development of Tilaiya UMPP, to Jharkhand Urja Vikas Nigam Limited, the Lead Procurer, acting on behalf of Procurers of Tilaiya UMPP.

    The shares of the Reliance Power Ltd was up by 6.75 percent and stood at Rs 35.60 per piece in BSE at 3:53 pm (IST).

    Read more about: reliance power
    Story first published: Thursday, May 17, 2018, 17:15 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more