Anil Ambani planning to increase stake in Reliance Infra, Reliance Power

Anil Ambani, chairman of Reliance Infrastructure (RInfra) and Reliance Power (RPower), told shareholders at a virtual annual general meeting (AGM) on Tuesday that promoters will increase their stake in the firms.

Ambani also informed shareholders that RPower has refrained from taking a moratorium on its loans, calling the moratorium a “financial penalty”. The promoters plan to increase shareholding over time, in line with the applicable regulatory guidelines, RPower and RInfra said in separate statements. Apart from these two group companies, the AGM of Reliance Capital was also conducted digitally on Tuesday.