Reliance Infrastructure Ltd files arbitration against Adani Transmission Ltd

In relation to disputes with regard to breach of the terms of the share purchase agreement dated 21st December 2017 relating to transfer of Mumbai Power Business to Adani Transmission Limited, Reliance Infrastructure Ltd has filed its statement of arbitration claims for a sum of approx. Rupees one hundred and thirty four billion before the Mumbai Centre for International Arbitration.

The financial implication cannot be ascertained and is contingent upon the final outcome of arbitration and subsequent legal challenges.

Source : Equity Bulls

Keywords

RelianceInfrastructure Arbitration AdaniTransmission INR134Billion MumbaiPowerBusiness