By Admin 
Reliance Power Share: The stock of Anil Ambani’s company Reliance Power saw a decline on Thursday. Reliance Power’s shares on BSE slipped to 1.6 percent to Rs 65. This is because the company’s board has approved the plan to raise Rs 6000 crore in the qualified Institutes Placement (QIP) and other ways.
In addition, the board has also approved the release of secure/unuser, redeemable, non-convertible debenture (NCD) in private placements or other ways in one or more parts.
Share ran from rocket speed
The company will gather this fund by issuing equity shares or equity-linked instruments to qualified institutional buyers (QIBS). This is a multibagger stock, which has given a return of up to 130 percent in the last one year, but do you know that 5 years ago this stock broke 99 % from its high to 1 percent? Yes.
In 2008, Reliance Power’s stock was trading at around Rs 260.78. On March 27, 2020, it fell drastically and the share price broke down 99 percent to Rs 1.13 directly. Then in the last few years, the company has slowly recovered and since then this stock has jumped up to 5616 percent.
Networth had reached zero
Anil Ambani was once the richest and one of the sixth richest people in the country and his total assets were more than Rs 1.83 lakh crore. In February 2020, he was declared bankrupt in a UK court. His net worth had reached zero, but gradually things were handled. The company has made many new agreements, started work on many projects, which is visible on both its shares and Anil Ambani’s net worth. By June 6, 2025, Anil Ambani’s total assets were estimated at $ 3 billion.
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They became pauper but did not bring the care of selling it, in crores, the price of this unique thing of Anil Ambani