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Reliance Infrastructure Limited ( (IN:RELINFRA) ) has provided an announcement.
Reliance Infrastructure Limited has disclosed the resolution of its dispute with CLE Private Limited (CPL) through mediation facilitated by the Bombay High Court. The settlement involves the transfer of assets and economic interests worth Rs. 5,777.13 crore to Reliance Infrastructure and the conversion of Rs. 726 crore into a secured loan, enhancing the company’s financial position and potentially impacting its stakeholders positively.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited is a prominent player in the infrastructure sector, focusing primarily on power, roads, and metro rail projects. It operates with a significant market presence in India, providing services that include engineering, procurement, and construction (EPC) for various infrastructure projects.
YTD Price Performance: -10.18%
Average Trading Volume: 201,794
Current Market Cap: 113.4B INR
See more data about RELINFRA stock on TipRanks’ Stock Analysis page.