Reliance Power FCCBs

Reliance Power Stock Drops 5% After Announcing Rs 4,200 Crore FCCB Issuance

Reliance Power shares experienced a 5% drop in early trading on October 4, a day after the company announced a major funding initiative through Foreign Currency Convertible Bonds (FCCBs) worth Rs 4,200 crore. This downturn also reflects profit-booking activity, as the stock has surged by over 64% in the last...