Reliance Power founders to sell stake in company

New Delhi, Dec 17 (IANS) Three of Reliance Power's founder companies will sell 5.42 percent stake in the company in an auction in the Bombay stock Exchange Wednesday, the company said Monday.

Reliance Infra, Reliance Innoventures Pvt Ltd and AAA Project Ventures Pvt Ltd would sell 152,051,807 shares of the face value of Rs.10 each aggregating to approximately 5.42 percent of the paid up capital, Reliance Power said in a filing to the BSE.

The sale is to take place through the separate window provided by BSE Dec 19 between 12 noon and 3 p.m.