Former Billionaire Anil Ambani’s Reliance Power Shares Surge Ahead: Know More About The Company

By Mashable India

19 March 2024

Once A Billionaire In 2020, Anil Ambani Declared Bankruptcy, Whose Company Reliance Capital Is Up For Sale

Hinduja Group's offer of a Rs 9,650 crore acquisition is still awaiting regulatory and court approval. However, not all seems lost for the brother of India's and Asia's wealthiest man, Mukesh Ambani. 

After The Division Of The Larger Conglomerate Of Dhirubhai Ambani's Business Anil Claimed 5 Companies Under Reliance Group

The five companies in Reliance Group are Reliance Health, Reliance Home Finance, Reliance Infrastructure, and Reliance Power. Meanwhile, elder brother Mukesh Ambani acquired Reliance Industries Limited, which is one of the most valued groups of companies in the world now. 

Reliance Power Limited Was Established In 1995 By Dad Dhirubhai

Initially incorporated as Bawana Power Pvt Ltd, it was renamed as Reliance Delhi Power Ltd and again renamed Reliance Energy Generation Ltd in 2004, before finally rechristened as Reliance Power Ltd in 2007. In 2008 Reliance Power's IPO was subscribed in mere 60 seconds. 

Reliance Power Saw A Surge At The BSE, Hitting 5% Upper Circuit For Two Days In A Row

It was earlier down by 99% from its highest price of Rs. 260 in 2008 to Rs 1.  

Will Reliance Power Make A Comeback? Will Anil Ambani Climb Back The Billionaire's Ladder?

Should we care?