About the impact of the COVID-19 situation, it said that so far, it has been able to sustain its power plant operations and honour commitments under the various power purchase agreements.
The company defaulted on payment of Rs 300.22 crore, including interest amount of Rs 2.22 crore on July 31, 2020, it said in a BSE filing.
There were pending sell orders of 831,764 shares, with no buyers available.
Its income came down to Rs 1,897.93 crore in third quarter of 2019-20, from Rs 2,098.82 crore a year ago.
The lender sold the shares at an average price of Rs 1.91 apiece, which took the total deal value to over Rs 5.77 crore.
It added that the company is engaged with all its lenders to arrive at a suitable resolution outside CIRP.
The bank has acquired 12,73,21,500 equity shares having nominal value of Rs 10 each per share constituting around 29.97 percent of the post-issue paid-up share capital of Rosa Power Supply Company Ltd (RPSCL), a wholly-owned subsidiary of Reliance Power Ltd, Yes Bank said in a regulatory filing.
Reliance Infrastructure, which is another Group firm had encumbered shares in favour of Axis Bank, Reliance Power said in a BSE filing.
There were pending sell orders of 2,561,339 shares, with no buyers available.
Life Insurance Corporation sold 84,500 shares of Asian Hotels (East) at Rs 178.01 per share on the NSE
RPower has an operating capacity of 6000 MW operating at a plant load factor of 80 percent.
The index is just 25 points away from turning negative for the year 2019, and has fallen 4,219 points or little over 10 percent from its record high of 40,312 registered in June 2019.
The project will be set up within 36 months of signing the agreements, the company added.
Liquidity has flowed to a few stocks which have shown relatively better earnings, and over the long-term experts feel that stock prices will mimic earnings growth.
Reliance Power is in advance stages of development of Bangladesh project and relocating Samalkot modules in Andhra Pradesh to Bangladesh, according to the statement.
The recast of loan comes at a low-interest rate of only 2.65 percent per annum
The rating agency has also cited continual uncertainty over the compensatory tariff implementation towards change in law during construction and foreign exchange variations as reasons for the revision.
Washington University sold 5,30,000 shares of Aptech at Rs 137.5 per share while IFCI offloaded 10,80,264 shares of Cox & Kings at Rs 50.56 per share.
The CERC approval would enable the company to recover the cost of the system from its consumers, according to the company.