Anil Ambani-owned Reliance Power share price jumps over 3%. Here's why

Anil Ambani-owned Reliance Power share price jumps over 3%: Here’s why

After the Anil Ambani-owned company stated that its subsidiary Samalkot Power had settled a credit default, Reliance Power’s share price increased by more than 3% on Monday. On the BSEt, shares of Reliance Power increased by as much as 3.41% to ₹46.00 each. Reliance Power reported that Samalkot Power Ltd., one of its subsidiaries, had…