Anil Ambani plans to raise whopping sum of Rs 17,600 crore to provide much-needed momentum to his business, especially the two flagship companies of his Reliance Group - Reliance Infrastructure and Reliance Power.

Reliance Infrastructure and Reliance Power have announced raising Rs 4,500 crore through preferential issues of equity shares and Rs 7,100 crore from renowned global investment fund Varde Partners through equity-linked long-term FCCBs,

Reliance Power shares hit a 5 percent lower circuit amid market sell-off. The company on October 3 announced a Rs 4,200 crore Foreign Currency Convertible Bonds (FCCBs) issuance.

Reliance Power recently announced that it has cleared all its debt with banks and financial institutions, achieving zero debt as of June 30. Its net worth stands at Rs 11,155 crore on a consolidated basis.

Who are these two men who helped Anil Ambani to to turn debt-strapped Reliance Power Into Rs 205260000000 Company

Reliance Power shares have soared 73 per cent in the past one month. The stock is up 124 per cent year-to-date and 186 per cent in the past one year.