RPower promoters aim at Rs 2,500 cr from stake sale

NEW DELHI: Sovereign wealth funds of Qatar and Abu Dhabi as well as private equity major KKR have evinced interest in investing in Reliance PowerNSE -0.46 %, where promoters plan to sell part of their direct holdings to raise Rs 2,500 crore, investment banking sources said Tuesday.

Part of the diversified Anil Ambani group, Reliance Power has appointed JPMorgan as the banker for the proposed stake sale, the sources said.

When contacted, the company declined to comment.