Reliance Power shares continue their losing streak, tumble 14% in 3 days

August 27, 2024

Anil Ambani’s Reliance Power shares fell 5% for the third consecutive day after SEBI barred Ambani from the securities market due to fund siphoning allegations. Shares of Reliance Home Finance and Reliance Communications also dropped. Despite Ambani’s resignation, Reliance Power claimed the SEBI order does not impact its operations.

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The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,

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Unimech Aerospace IPO opens tomorrow. Price band, GMP among 5 things to know before subscribing

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