Reliance Power’s stock rose by 21.5% in four days, reaching Rs 36.17, amid talks of Adani Power acquiring its Butibori Thermal Plant for Rs 2,400 crore to Rs 3,000 crore. The move would support Adani’s expansion plans amid rising electricity demand in India. Adani Power shares remained stable at Rs 698.45.
ACME Solar raised Rs 1,300.5 crore from 58 anchor investors ahead of its IPO, selling 45 million shares at Rs 289 each.
Four companies have received approval from SEBI for their IPOs. These companies are Rubicon Research, Sai Life Sciences, Sanathan Textiles and Metalman Auto. The IPOs
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