Mumbai: MMRDA Forms Internal Committee To Examine Metro-1 Acquisition Amid RInfra s Divestment Plan swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
State Bank of India (SBI) has approached the National Company Law Tribunal (NCLT) to admit Mumbai Metro One Pvt Ltd (MMOPL) under the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC). Mumbai Metro One is a joint venture between Reliance-Anil Dhirubhai Ambani (ADA) group company Reliance Infrastructure Ltd (RInfra) and Mumbai Metropolitan Regional Development Authority (MMRDA).
Reliance Infra allots 8 8 cr warrants to promoter group, Varde Investment Partners LP prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
MUMBAI: Reliance Infrastructure Ltd (RInfra) is in discussions with Singapore based-Cube Highways for the sale of its four road assets for an enterprise value of Rs 1,430 crore, sources said.
RInfra will use the proceeds from the sale to reduce debt. Cube Highways is promoted by I Squared Capital, (a wholly-owned arm of the Abu Dhabi Investment Authority) , International Finance Corporation and a consortium of Japanese investors, including Mitsubishi Corporation and Japan Overseas Infrastructure Investment Corporation. A senior company official said that Cube Highways has shown interest in Reliance Infra s four road assets DS Toll Road Pvt Ltd, NK Toll Road Pvt Ltd and SU Toll Road Pvt Ltd located in Tamil Nadu, and JR Toll Road Pvt Ltd located in Rajasthan.
Sensex and Nifty are likely to open lower on Monday following a mixed trend in Asian markets. At 7:00 am, the Nifty was trading 55.00 points or 0.35 percent lower at 15,768. On Friday, Sensex and Nifty closed at record highs, led by gains in index heav