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Reliance Infrastructure Limited has announced that the financial creditor namely SREI Equipment Finance Limited has filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 in respect of an amount of Rs.38.6 cr.
NCLT has not yet issued any notice to the Company regarding the above. The company disclosed this in the stock market as an abundant precaution.
The company is engaged in bilateral discussions to resolve the issue outside the IBC and is taking the necessary steps.
Shares of Reliance Infrastructure Limited were last traded on BSE at Rs. 109.15 compared to the previous close of Rs. 109.75. The total number of shares traded during the day was 1663097 in over 4630 trades.
The stock touched an intraday high of Rs. 114.50 and intraday minimum of 108.25. The net turnover during the day was Rs. 181950686.00.
Source: Equity Bulls
Key words
RelianceInfrastructure
INE036A01016
RELINFRA
Insolvency Petition
SREIEkuipmentFinance
NCLT
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