Reliance Power’s shares have seen a significant decline recently, closing at Rs 13.90, representing a fall of 1.06%. Despite an extended period of growth in the company’s share value, profit booking was observed on Tuesday, June 27, 2023, causing this dip.
- Daily trading saw Reliance Power stock increase by 0.71%, standing at Rs 14.20.
- Over the last year, Reliance Power has experienced a 20.34% increase in its share price.
Advisory Responsibility to SBI Caps
The lenders of Vidarbha Industries Power Limited (VIPL), a Reliance Power subsidiary, have assigned SBI Caps with the responsibility of guiding a loan swap scheme.
- SBI Caps is expected to guide the One Time Resolution (OTR) bid for stressed debt resolution of VIPL.
- They are also tasked with defining the criteria for selecting a prime bidder.
- VIPL’s total debt stands at Rs 2,000 crore. SBI Caps will aim to establish an efficient, transparent process for loan disbursement.
- SBI Caps has until September 30, 2023, to complete the scheme.
Historical Overview of Share Price
In 2008, Reliance Power shares traded at Rs 275. However, since then, the company’s share price has experienced a considerable decrease of 95%.
- Year-to-date (YTD), shares of the company have weakened by 3.40%.
- Over the past five years, the company’s shares have weakened by 55.63%.
Current Market Cap and Share Price Range
Reliance Power’s current market cap stands at Rs 5,285.32 crore. Over the past 52 weeks, the company’s share price reached a high of Rs.24.95 and a low of Rs.9.05.
- The company’s current share price represents a notable decrease from its past heights.
