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The latest update is out from Reliance Infrastructure Limited ( (IN:RELINFRA) ).
Reliance Infrastructure Limited has announced that the National Company Law Tribunal, Mumbai bench, has admitted a petition under the Insolvency and Bankruptcy Code against its wholly-owned subsidiary, SU Toll Road Private Limited. The petition, filed by the State Bank of India, involves a claim amount of INR 358.70 crore. Despite this development, Reliance Infrastructure has stated that the company’s exposure is fully provided for, and no financial impact is expected.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited is a major player in the infrastructure sector, focusing on developing projects in power, roads, metro rail, and airports. The company is part of the Reliance Group and is known for its significant contributions to India’s infrastructure development.
Average Trading Volume: 410,324
Technical Sentiment Signal: Buy
Current Market Cap: 106.1B INR
Find detailed analytics on RELINFRA stock on TipRanks’ Stock Analysis page.