Reliance Power’s board has approved issuing up to 46.20 crore equity shares/warrants worth Rs 1,525 crore via preferential allotment at Rs 33 per share. The proceeds will be used for business expansion, debt reduction, and general corporate purposes. Promoter Reliance Infrastructure will enhance its stake by over Rs 600 crore.
Arkade Developers listing: After a bumper IPO response, GMP signals a strong debut on Tuesday
Shares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing,