Moneycontrol PRO
UPCOMING EVENT:Moneycontrol Pro & Espresso (A Sharekhan Company) in association with Intrazon 2.0 bring to you India’s Largest Retail Intraday Traders Online Conference. Learn 12 Amazing Strategies from 12 Intraday Traders @ Rs. 600/-. Register Now!

R Power dips 3% after Madras HC seeks CBI probe into merger

Anil Dhirubhai Ambani Group company Reliance Power fell nearly 3% on Thursday after PTI reported that the Madras High Court on Wednesday admitted a petition seeking a probe by the Serious Fraud Investigation Office and the CBI into the merger of RNRL with R Power.

June 14, 2012 / 03:16 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Anil Dhirubhai Ambani Group company Reliance Power fell nearly 3% on Thursday after PTI reported that the Madras High Court on Wednesday admitted a petition seeking a probe by the Serious Fraud Investigation Office and the CBI into the merger of Reliance Natural Resources Ltd (RNRL) with Reliance Power (R-Power) alleging it caused a loss of Rs 2105.87 crore to shareholders.

At 14:34 hours IST, the share was trading at Rs 96.50, down 2.67% after hitting an intraday high of Rs 98.95 and low of Rs 96.30.
 
Market capitalisation of the company currently stands at Rs 27,069.47 crore.

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark