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Reliance Power is locked its upper circuit limit at Rs. 23.30, up by 2.10 points or 9.91% from its previous closing of Rs. 21.20 on the BSE.

The scrip opened at Rs. 21.50 and has touched a high and low of Rs. 23.30 and Rs. 21.50 respectively. So far 7469532 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.75 on 02-Sep-2022 and a 52 week low of Rs. 10.98 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 23.75 and Rs. 15.55 respectively. The current market cap of the company is Rs. 7718.29 crore.

The promoters holding in the company stood at 24.98%, while Institutions and Non-Institutions held 11.30% and 63.73% respectively.

Reliance Power (RPL) and its subsidiary have entered into an indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of upto around Rs 1,200 crore ($150 million). The company to avail debt for settlement and discharge and/or acquisition and restructuring of certain financial debt availed by it. The drawdown of the debt will be subject to finalization and execution of binding documents and all requisite approvals including regulatory approvals as per applicable rules/ laws/ regulations.

Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The Company has one of the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.