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Reliance Power to seek board nod to raise funds via equity

Business Standard  

Anil Ambani-promoted power generating company Reliance Power would seek the board's nod in the upcoming meeting for raising funds through issuance of equity or equity linked instruments. The meeting is scheduled for June 13, 2021. The move comes after Reliance Infrastructure's board of directors approved fundraising of INR 550 crore through issuance of equity and related instruments. The funds would be used to reduce debt and for growth.