Anil Ambani-led Reliance Power and its subsidiary, Reliance NU BESS, have been barred by SECI from participating in tenders for three years. This follows the submission of a “fake” bank guarantee document during a solar project bid. SECI discovered the discrepancy after the e-Reverse Auction, leading to the tender’s cancellation.
Should investors subscribe to the upcoming NSDL IPO amid market uncertainty?
Analysts suggest investors consider subscribing to National Securities Depository’s (NSDL) upcoming IPO, citing its attractive pricing compared to peer CDSL. The ₹4,011 crore IPO, opening