Yes Bank acquired 30% stake of Reliance Power arm

Recently in New Delhi, Yes bank has announced that they have acquired something around 30% of stake in a totally newly owned subsidiary of Reliance power pursuant in order to invocation of pledged shares.

All over by now, the bank, Yes bank has acquired the 12,73,21,500 amount of equity shares by having 20 rs each share of nominal value which constitutes around 29.97% of the post issue paid up share of the capital of Rosa power supply company LTD. It is a wholly owned subsidiary of company Reliance Power LTD. RPSCL is incorporated on September 1, and in the year 1994. it is also engaged in the business of power generation. RPSCL has owned the Rosa Thermal Plant 1,299 MW in Shahjahanpur, UP. It has generated 4,341 million units for the year 2019 which ended on March 31.