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.
Kotak Mahindra MF, Citigroup, others buy 10.64% stake in Home First Finance for Rs 1,307 crore
Kotak Mahindra MF, Fidelity, Morgan Stanley, and Citigroup Global Markets Mauritius are among those entities that collectively bought a 10.64 per cent stake in Home