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Reliance Infrastructure Limited ( (IN:RELINFRA) ) has provided an announcement.
Reliance Infrastructure Limited has announced a settlement agreement with IDBI Trusteeship Services Limited, the trustee for the company’s Non-Convertible Debentures of Series 20E, to settle dues amounting to Rs. 419 crore. This agreement includes the withdrawal of all enforcement actions and litigations by the Debenture Trustee against the company, potentially strengthening its financial position and reducing legal liabilities.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited is a major player in the infrastructure sector, providing services such as power generation, transmission, and distribution, as well as infrastructure development in roads, metro rail, and airports. The company is focused on expanding its presence in the Indian market, particularly in urban infrastructure projects.
YTD Price Performance: -16.20%
Average Trading Volume: 219,480
Current Market Cap: 105.8B INR
Find detailed analytics on RELINFRA stock on TipRanks’ Stock Analysis page.