New Delhi, May 20 -- Shares of Anil Ambani-led Reliance Power are likely to be in the spotlight on Wednesday, May 21, following key corporate developments including a preferential share allotment worth Rs.43.89 crore and a landmark renewable energy partnership in Bhutan.

Anil Ambani-owned Reliance Power has executed a preferential allotment of equity shares aggregating Rs.43.89 crore to two entities-Reliance Infrastructure Limited and Basera Home Finance Private Limited. According to an exchange filing, the company allotted a total of 1.33 crore fully paid-up equity shares at Rs.33 per share (inclusive of Rs.23 premium). The shares were issued under the SEBI (ICDR) Regulations, following the exercise of rights attached to previously issu...