Reliance Power Share Price Rises 6.56% After Company Clarifies on Fake Bank Guarantee Case

Mumbai, November 10: Reliance Power share price is witnessing a heavy rally today after the company’s clarification on the fake bank guarantee case. As of 11:25 AM, the Reliance Power share price was up by 6.56%, or 2.57 points, and was trading at ₹41.76. Until now, the Reliance Power shares have traded within a range of ₹42.30 and ₹38. The traded volume for the Reliance Power shares was at 7.43 crore shares, with the company’s market cap at ₹16,208 crore. The shares have their 52-week high at ₹76.49 and their 52-week low at ₹31.27.

Reliance Power Limited (NSE: RPOWER, BSE: 532939) is an Indian company that is part of the Reliance Group. It is engaged in power generation and coal resourcing. The company was established in 1995 and is headquartered in Mumbai, Maharashtra.

Shares Rise After Company Clarification on Fake Bank Guarantee Case

The rise in the Reliance Power share price comes after the company provided clarification on the arrest of Mr. Amar Nath Dutta. The company stated that Mr. Amar Nath Dutta, who has been arrested in a fake bank guarantee case, is in no way connected with the company. It further said that the arrest will have no impact on the company’s operations, stakeholders, and financial performance.

The clarification also added that both Reliance Power and its subsidiary, Reliance NU BESS Limited, acted in good faith and are, in fact, victims of a fraud and forgery conspiracy. The company also clarified that Mr. Anil D. Ambani has not been on the Board of Reliance Power for more than three and a half years.

Investor Takeaway for Reliance Power

The arrest of Mr. Amar Nath Dutta initially caused concern among investors who mistakenly believed he was associated with Reliance Power. Following the company’s clarification, investors are reassured that the matter will have no impact on the company’s operations or financials. This positive development has strengthened investor sentiment, driving strong demand for the shares.

REF: https://nsearchives.nseindia.com/corporate/RPOWER_08112025163715_Reliance_Power_MR__Amar_Nath_Dutta.pdf

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