STOCKWATCH

Reliance Power's Subsidiary, Reliance Capital, Seeks Reclassification to Public Category

Reliance Power Ltd has disclosed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that an application for reclassification of Reliance Capital Limited to the public category has been received. This follows Indusind International Holdings Limited implementing the resolution plan in terms of the Insolvency and Bankruptcy Code, 2016. The Board of Directors of Reliance Power, in a meeting held on the same day, noted the application and decided to process it with the necessary next steps in compliance with the applicable provisions of the Listing Regulations. The company has filed applications with the BSE and NSE, seeking their no objection.

• Reliance Capital Limited has applied for reclassification to the public category under Regulation 31A of the SEBI Listing Regulations.
• The application was received following Indusind International Holdings Limited's implementation of the resolution plan under the Insolvency and Bankruptcy Code, 2016.
• Reliance Power's Board of Directors noted the application and decided to process it with the necessary next steps.
• The company has filed applications with the BSE and NSE, seeking their no objection.