Shares of Reliance Power (RPOWER) surged 4.97% to ₹34.61, and Reliance Infrastructure (RELINFRA) climbed 3.08% to ₹291.45 at 9:24 AM on the NSE following the announcement that the two Anil Ambani Group firms have collectively reduced their debt by ₹7,220 crore.
Reliance Infrastructure’s external debt dropped from ₹3,831 crore to ₹475 crore after settling dues with several lenders, including LIC and Edelweiss. This significant reduction in debt boosts the financial health of both companies.
