Shares of Reliance Power rose nearly 3% on Monday after the Anil Ambani-led firm said it has inked a share purchase agreement to sell its entire equity stake in five Indonesian step-down subsidiaries for a consideration of $12 mn.

The agreement involves the sale of PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi. Advertisement

Reliance Power shares gained 2.77% in early deals today to Rs 46 against the previous close of Rs 44.76 on BSE. The stock snapped four days of losing streak in the current session. Market cap of the firm climbed to Rs 18,813 crore. Total 17.85 lakh shares of the firm changed hands amounting to a turnover of Rs 8.07 crore on BSE.

Reliance Power shares have a beta o

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