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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

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 sells HQ in Mumbai s Santacruz to YES Bank for Rs 1200 cr

Reliance Infrastructure Limited sold on Thursday its headquarters in Mumbai to YES Bank for Rs 1,200 crore. The bank will convert the building as its corporate headquarters. The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank’s debt. With this announcement, Reliance Infrastructure has sold three major assets since January. It sold the Delhi-Agra toll road to Cube Highways and Infrastructure for an enterprise value of Rs.3,600 crore. It then sold is entire 74 per cent equity stake in in Parbati Koldam Transmission Company Limited to India Grid Trust for an enterprise value of Rs 900 crore.

Delhi HC stops Reliance Infrastructure from selling stake in Delhi s power discoms

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

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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