Monday, December 29, 2008

Reliance Power

Reliance Power slipped 3% to Rs114. The company is raising around Rs115bn via syndicated loans, and US$500-600mn through ECBs to finance its upcoming UMPP at Sasan in Gujarat, reports stated. The scrip touched intra-day high of Rs121.70 and low of Rs113.90 and recorded volume of over 18,00,000 shares on BSE.

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