Reliance Power announced that the stock exchanges have approved the reclassification of Reliance Capital Limited from the promoter group to the public category. This decision follows IndusInd International Holdings Limited’s implementation of a resolution plan under the Insolvency and Bankruptcy Code, 2016. The reclassification is effective as of December 8, 2025.
Promoter Group Reclassification
The stock exchanges, including BSE and NSE, have approved the reclassification of Reliance Capital Limited from the promoter group to the public category within Reliance Power. The approval, granted on December 8, 2025, follows an application submitted under Regulation 31A of the Listing Regulations.
Background of the Decision
The reclassification results from IndusInd International Holdings Limited implementing the resolution plan as per the Insolvency and Bankruptcy Code, 2016. The company had previously notified the exchanges about this development in letters dated August 23, 2025, and October 10, 2025.
Source: BSE
