Shares of Reliance Infrastructure Limited surged by nearly 3% today, trading at ₹293.75, up by ₹7.25, following the announcement of a successful dispute resolution with CLE Private Limited (CPL). The stock witnessed strong activity, with a day’s range of ₹287.20 to ₹303.00 and a market capitalization of ₹116.21 billion INR.
Dispute Settlement: Key Details
Reliance Infrastructure has settled outstanding claims and disputes with CPL under the Mediation Act, 2023. The agreement, worth Rs 6,503.13 crore, comprises asset and economic interest transfers of Rs 5,777.13 crore to Reliance Infrastructure and the conversion of Rs 726 crore into a secured loan.
The strategic settlement is expected to boost Reliance Infrastructure’s financial stability, enhance its asset base, and provide a positive impact on stakeholder confidence.
Market Reaction
Investors responded positively to the news, with shares moving within the day’s range of ₹287.20 to ₹303.00. The company’s strong asset position post-settlement is expected to provide long-term financial benefits, further strengthening its balance sheet and market outlook.
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