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Reliance Power promoter firm has sold shares worth Rs 858 crore

The Reliance Power promoter firm has sold shares worth over Rs 858 crore to a group entity.

The Reliance Infradevelopment has sold a total of 18 crore shares over three days starting from March 20. The shares have been sold in three tranches to Reliance Wind Turbine Installators Industries at different prices.

Each tranche was consist of six crore shares.

Reliance Power has said in a filing that the shares worth Rs 858.3 crore have been offloaded by Reliance Infradevelopment.

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