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Reliance Power arm Rosa prepays ₹485 crore to Varde Partners, turns 'zero debt firm'

By Economic Times - 2 weeks ago
Reliance Power's subsidiary, Rosa Power Supply Company, has achieved zero-debt status by prepaying a ₹485-crore loan to Varde Partners. This follows an earlier prepayment of ₹833 crore, totaling ₹1,318 crore paid ahead of schedule. The move strengthens Rosa Power's balance sheet and, along with a recent equity infusion, positions Reliance Power to pursue opportunities in the renewable energy sector.

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