Boards of RInfra and RPower approved the preferential allotment on Saturday following which a notice was issued for shareholder approval on Sunday. Authum had completed the takeover of Anil Ambani companies RCFL and RHFL through a lender-led process in October and March, respectively.
Discussions on state acquiring 114km Versova-Andheri-Ghatkopar Mumbai Metro 1 underway since 2019; corridor has been operational since 2014 and has average daily ridership of 4lakh.
SC Upholds Arbitral Award in Favour of Anil Ambani s Reliance Infrastructure thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.