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Reliance Infrastructure Limited ( (IN:RELINFRA) ) has issued an update.
Reliance Infrastructure Limited has reached a significant settlement agreement with CLE Private Limited, resolving outstanding disputes and claims under the Mediation Act, 2023. This agreement, valued at Rs. 6,503.13 crore, results in the transfer of assets and economic interests worth Rs. 5,777.13 crore to Reliance Infrastructure, while Rs. 726 crore is converted into a secured loan. This settlement strengthens the company’s financial position and enhances its asset base, potentially influencing its market positioning and stakeholder confidence.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited operates in the infrastructure sector, focusing on constructing and managing infrastructure projects, including roads, metro systems, and power generation and distribution. The company is a part of the larger Reliance Group, which is one of India’s largest conglomerates.
YTD Price Performance: -10.18%
Average Trading Volume: 201,794
Current Market Cap: 113.4B INR
For an in-depth examination of RELINFRA stock, go to TipRanks’ Stock Analysis page.