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    Mohamed Azharuddin in News

    21 Mar 07:30 AM


    Anil Ambani’s Reliance making strong comeback, shares hit the top again after settling Rs 4000000000…

    Anil Ambani’s firm is now planning to head towards Rs 2100 crore debt settlement with JC Flowers Asset Reconstruction Company.

    Anil Ambani is once again the part of headlines all over India as his key firm Reliance Power’s powerful rally in the stock market continues. According to data shared by #BombayStockExchange (BSE),shares of Anil Ambani’s Reliance Power once again hit the upper circuit and were trading for Rs 23.83. For those who are unaware, this is the third time that stocks of Reliance Power have touched the upper circuit in the past few days. The strong rally of Anil Ambani led Reliance Power’s stocks is a big comeback saga as the shares once plummeted down to Rs 1 by over 99% percent from its peak price. Reliance Power share in 2008 was trading for around Rs 260.78 and after a massive downfall, the share price was around Rs 1.13 on 27 March 2020. After making a slow recovery over the years, Anil Ambani’s Reliance Power once again has the attention of traders.

    Source -DNA