Reliance Infrastructure Limited (BSE Scrip Code: 500390, NSE Symbol: RELINFRA) has announced the successful completion of a One-Time Settlement (OTS) with the Life Insurance Corporation of India (LIC), settling its entire obligations related to Non-Convertible Debentures (NCDs) issued by the company. The total settlement amount stands at ₹600 crore.
This development follows the company’s earlier disclosure made on August 2, 2024, and is in compliance with Regulation 30 and 51(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has now fully settled its liabilities with LIC through this OTS, marking a significant step in addressing its financial obligations.
This settlement will further improve Reliance Infrastructure’s financial health and is expected to have a positive impact on its future operations.
