Reliance Power Shares in Focus; Anil Ambani, Jai Anmol to Reclassify as Public Shareholders

Anil Ambani and Jai Anmol, prominent figures in the Reliance Group, have decided to reclassify as public shareholders in Reliance Power and Reliance Infrastructure, as per news reports.

Shareholding Restructure Details

Reliance Power Ltd. and Reliance Infrastructure Ltd., both led by Anil Ambani, have announced plans to alter the shareholding status of key stakeholders. The reclassification will see Group Chairman Anil Ambani and his son, Jai Anmol Ambani, stepping down from their roles as promoters.

Current Shareholding Details

As of September 2024, Anil Ambani holds 1,39,437 shares in Reliance Infrastructure and 4,65,792 shares in Reliance Power, while Jai Anmol holds 1,25,231 shares in Reliance Infrastructure and 4,17,439 shares in Reliance Power. This reclassification is a significant change in the ownership structure of both companies.

Regulatory Compliance and Approvals

Reliance Power and Reliance Infrastructure have sought approvals from the Bombay Stock Exchange and the National Stock Exchange of India for the reclassification.

The companies have confirmed that the move aligns with legal requirements, including SEBI norms, which stipulate that promoters reclassified as public shareholders must not hold voting rights exceeding 10% of the company’s equity.

Share Price Performance

Reliance Power’s share price traded 0.97% lower at ₹38.60 on the NSE at 9:50 AM, marking its sixth consecutive day of decline. The stock opened at ₹38.39, down from the previous close of ₹38.98, and has lost nearly 17% since January 3, 2025.

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