Reliance Infra arm clears ₹1,100 crore debt with NARCL deal
after close1 source ↓written by the desknot a recommendation
- from the previous
- 4.99%
Reliance Infrastructure’s Mumbai Metro One Private Limited (MMOPL) signed a Master Restructuring Agreement with NARCL, achieving a debt haircut of ₹1,100 crore. This deal withdraws insolvency proceedings and could lead to a corporate re-rating, enhancing the asset's value.
Shares of Reliance Infrastructure were trading at ₹66.44, down 4.99% from the previous close. This restructuring is pivotal for the mass transit corridor's future, preventing liquidation and stabilizing cash flow.
Not investment advice. For informational purposes only.