Reliance Infrastructure Limited ( (IN:RELINFRA) ) has shared an announcement.
Reliance Infrastructure Limited announced the redemption and extinguishment of its Non-Convertible Debentures (Series 20E), following a settlement agreement with IDBI Trusteeship Services Limited. This action results in the withdrawal of enforcement actions previously initiated by the Debenture Trustee under SERFAESI, marking a significant step in the company’s financial restructuring efforts and potentially enhancing its financial stability and market confidence.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited operates in the infrastructure sector, focusing on the development, implementation, and operation of projects in power, roads, metro rail, and other infrastructure areas. The company is a part of the Reliance Group and is involved in various infrastructure projects across India.
YTD Price Performance: -20.05%
Average Trading Volume: 412,728
Current Market Cap: 101B INR
For an in-depth examination of RELINFRA stock, go to TipRanks’ Stock Analysis page.