Reliance Power shares tumbled by 5% following the board’s approval of a ₹4,200 crore fundraising plan. The company aims to raise capital through a mix of debt and equity to address its financial obligations, including debt refinancing and fueling future growth projects.
The market reacted swiftly to the announcement, with shares sliding as investors expressed concerns over potential equity dilution and the addition of debt. However, Reliance Power reassured stakeholders that the move is part of a strategic effort to strengthen its balance sheet and secure long-term financial stability.
Despite the immediate dip, market experts believe the infusion of capital could help Reliance Power enhance its energy projects and improve its financial health, making it a key move toward operational stability and growth.
