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.
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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.