Deals23 Aug 2025, 06:30 pm
Reliance Capital Seeks Re-classification from Promoter Group to Public in Reliance Power
AI Summary
Pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Reliance Power Ltd. has received an application from Reliance Capital Limited. The application seeks re-classification of its status from promoter group of the Company to public. This change is consequent to the implementation of the Resolution Plan of Reliance Capital Limited by Indusind International Holdings Limited, in terms of the Insolvency and Bankruptcy Code, 2016.
Key Highlights
- Reliance Capital Limited has applied for re-classification from promoter group to public in Reliance Power Ltd.
- The re-classification is a result of the implementation of the Resolution Plan of Reliance Capital Limited by Indusind International Holdings Limited.
- The re-classification is being sought under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.