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R-Infra to get Rs 7,100 cr from DMRC post-SC ruling; defence manufacturing new engine of growth: Anil Ambani
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Reliance Infra arm DAMEPL will receive Rs 7,100 cr from DMRC: Anil Ambani
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Reliance Infrastructure can t sell stake in BSES Rajdhani Ltd, BSES Yamuna Ltd till January 27. Representational Image  |  Photo Credit: IANS
Key Highlights
Delhi HC to hear plea filed under Arbitration Act on Jan 27
Reliance Infrastructure has been stopped from selling its stake in BSES Rajdhani Limited and BSES Yamuna Limited by the Delhi High Court till January 27. Admitting a petition filed by Shanghai Electric Group (SEG) Company Limited to secure a claim amount of Rs. 995 crores, a single-judge bench of Justice Talwant Singh asked for status quo to be maintained in Reliance Infrastructure s shareholding in BSES Yamuna Limited and BSES Rajdhani Limited.
Delhi HC restrains RInfra from stake sale in BSES Yamuna and Rajdhani, securing dues claimed by Shanghai Electric
RInfra, as part of the strategy to offload its debts, was targeting to sell the stakes in BSES Yamuna and Rajdhani power distribution company (discom) in Delhi.
Representative image
Reliance Infrastructure, part of the Anil Ambani-headed conglomerate, faced a double setback from the Delhi High Court on January 19. The company was restrained from selling its stakes in BSES Yamuna and Rajdhani, while also being barred from securing dues of Rs 995 crore claimed by Shanghai Electric Group.
RInfra, as part of the strategy to offload its debts, is targeting to sell the stakes in BSES Yamuna and Rajdhani power distribution company (discom) in Delhi. As per the court order, the company has been restrained from completing the sale of stakes, CNBC TV18 reported.
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