Reliance Infrastructure has reached a settlement with Adani Electricity Mumbai Limited (AEML) and Adani Energy Solutions Limited (AESL), previously known as Adani Transmission Limited. Both companies have agreed to withdraw their arbitration claims without any monetary exchange.
The settlement resolves disputes related to the transfer of the Mumbai Power Business to AESL under a share purchase agreement signed in December 2017. No special rights or shareholdings are involved in this settlement, and no financial compensation has been provided.
This agreement brings closure to ongoing legal proceedings between the parties.
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Reliance Infrastructure