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Anil Ambani Group firm Reliance Power has sought the approval of shareholders to raise funds through sale of up to 25 per cent shares to institutional investors for funding projects.
Securities
It has also sought the nod for mopping up funds through issuing of securities in international markets, according to the company's annual report for 2010-11.
A Reliance Group spokesperson said: “These are merely enabling resolutions that will remain valid till the next AGM, but there are no plans for making any QIP or other offering of securities at this time.”
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