Reliance Infrastructure Ltd signs settlement agreement with J C Flowers ARC

Reliance Infrastructure Limited has signed a Settlement Agreement with J.C. Flowers Asset Reconstruction Private Limited (JCF ARC) in settlement of the entire obligations with respect to its borrowings. Till the time the loans are settled in terms of this Agreement, legal proceedings initiated in this connection would be in abeyance.

JCF ARC does not hold any share in the Company and is neither a related party nor part of the promoter group.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 210.15 as compared to the previous close of Rs. 191.10. The total number of shares traded during the day was 2348710 in over 8611 trades.

The stock hit an intraday high of Rs. 210.20 and intraday low of 190.15. The net turnover during the day was Rs. 486156456.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA SettlementAgreement JCFlowersARC Borrowings