State-run renewable energy agency SECI has issued a show cause notice to Reliance Power. The notice asks why criminal action should not be taken against the company and its unit for submitting fake bank guarantees. Solar Energy Corporation of India (SECI) last week barred Reliance Power and its unit Reliance …
Read More »SEBI sent a notice of Rs 154.5 crore to 6 companies including Reliance Housing Finance, check full details
Share market regulator SEBI on Wednesday issued notices to 6 companies including the promoter unit of Reliance Home Finance and asked them to pay Rs 154.50 crore. This notice has been given to the company regarding the misappropriation of funds. SEBI has asked these units to make the payment within …
Read More »Another good news for Reliance Infrastructure, Calcutta High Court gave this decision in favor of the company
Another good news has come for Reliance Infrastructure. The Calcutta High Court has upheld the decision in favor of Reliance Infrastructure Limited in an arbitration dispute of Rs 780 crore with West Bengal-based Damodar Valley Corporation (DVC). Anil Ambani’s group company gave this information to the stock market. More than …
Read More »This subsidiary company of Reliance Power repaid a loan of Rs 850 crore before time, action can be seen in the shares
Reliance Power‘s subsidiary company Rosa Power has paid a debt of Rs 850 crore to Singapore lender Varde Partners. The special thing is that Rosa Power has paid the debt to Varde Partners before time. Let us tell you that Reliance Power, a company led by Anil Ambani, the younger …
Read More »Reliance Power will raise Rs 1525 crore through preferential issue, board approves
The Board of Directors of Reliance Power Limited on Monday approved a proposal to raise Rs 1,525 crore through a preferential issue. Under this, the promoters of Reliance Power will invest Rs 600 crore in it to further the business of the company. This proposal comes a few days after Reliance …
Read More »Anil Ambani Stunned by Supreme Court: Historic Bench Reversal Sparks Legal Storm
Anil Ambani, the chairman of Reliance Group, faced a significant legal setback as the Supreme Court overturned a three-year-old judgment on Wednesday. This article delves into the details of the case and the recent ruling by the apex court. Background of the Case The dispute between Anil Ambani’s company and …
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