Reliance Power share price: When the Indian stock market begins trading on Monday, Anil Ambani's Reliance Power shares will be the focus. Reliance Power Ltd's subsidiary, Rosa Power Supply Company Limited, has secured a term loan of up to ₹3,760 crore from Power Finance Corporation Limited (PFC), according to an exchange filing last week. Anil Ambani owns the company. The facility can be used in one or more tranches.

Reliance Power News

Reliance Power informed the Indian stock market exchanges that its subsidiary, Rosa Power Supply Company Limited, executed the definitive documents on December 27, 2024, to avail the rupee term loan facility of ₹3,760 crore in one or more tranches from Power Finance Corporation Limited (PFC), subject to customary conditions precedent. The loan proceeds will be used for general corporate objectives, including the Group's future investment in renewable energy projects and Rosa's flue gas desulfurization capital expenditures."

"PFC does not own any stock in the Company and is not a related party or member of the Promoter/Promoter Group/Group Companies." The aforementioned borrowing from PFC is not a related party transaction and was completed on an arm's length basis," Reliance Power stated.

Reliance Power's Share Price History

This Anil Ambani-owned company has been a cash cow for stock market investors all year. In one month, Reliance Power's stock price increased by 11%. In six months, Reliance Power shares increased from ₹28.99 to ₹43.30 on the NSE, an almost 50% increase. Reliance Power's share price has climbed by over 80% year-to-date, from ₹23.95 to ₹43.30 per share.