Reliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CFM ARC became the new and sole lender of Vidarbha Power after it acquired loans from lenders at Rs 1,265 crore in an all-cash deal.
Mukesh Ambani-led Reliance Industries’ retail arm, which was recently valued at $92-96 billion, is likely to get a new minority shareholder on its captable, a ..
Vidarbha Industries is a subsidiary of Anil Ambani s Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered to fund the promoter s one-time settlement offer of ₹1,260 crore, but the lenders did not proceed with it
Read more about Reliance Power to seek board nod to raise funds via equity issuance on Business Standard. Move follows Reliance Infra board approval of Rs 550 cr fund-raising plan on Sunday