Reliance Power Limited (Reliance Power) today announced that the entire obligations of the Company as a Guarantor on behalf of Vidarbha Industries Power Limited (VIPL) stand fully settled resulting in release and discharge of Corporate Guarantee, Undertakings and all obligations and claims thereunder in relation to the outstanding debt of VIPL amounting to INR 3872.04 Crore.
Reliance Power has settled all disputes with CFM Asset Reconstruction Private Limited (CFM). 100% shares of VIPL have been pledged in favour of CFM against the release and discharge of Corporate Guarantee given by Reliance Power.
Shares of Reliance Power Limited was last trading in BSE at Rs. 31.41 as compared to the previous close of Rs. 31.10. The total number of shares traded during the day was 7104185 in over 16872 trades.
The stock hit an intraday high of Rs. 31.88 and intraday low of 30.60. The net turnover during the day was Rs. 222537067.00. |
