This power share increased from ₹1 to ₹32, the company became debt free, LIC also has 10 crore shares.

Reliance Power Share: Shares of Anil Ambani's debt-free company Reliance Power are in focus these days. Shares of Reliance Power traded at Rs. Trading at 32.6 intraday. The market cap of the company is Rs. 12,565.09 crore and the stock has given strong returns of over 90 percent in the last 1 year.

This stock has gained about 2665% since the year 2020. Let us tell you that on 27 March 2020, the price of this share was Rs 1.50. However, since 2008, shares of Reliance Power have traded at Rs. 275 to the current price.

Large stake in LIC

As per the shareholding pattern of Reliance Power, promoters hold 23.24 per cent stake, while public investors hold 60.99 per cent stake. Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) accounted for 12.71 percent and 3.06 percent respectively. LIC has a major stake in Reliance Power. LIC holds 10,27,58,930 shares or 2.56% stake in the company.

The company became debt free

Reliance Power has recently cleared all outstanding debt from lenders, let us tell you that Reliance Power had an outstanding loan of around Rs 800 crore, which has recently been repaid to banks. Reliance Power signed multiple loan settlement agreements between December 2023 and March 2024 with various banks including IDBI Bank, ICICI Bank, Axis Bank and DBS.

Company business

Reliance Power Limited, formerly Reliance Energy Generation Limited, is part of the Reliance Anil Dhirubhai Ambani group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets.