Reliance Power shares fall on US Exim insolvency plea
pre-market1 source ↓written by the desknot a recommendation
- to ₹28.64
- 1.21%
Shares of Reliance Power declined 1.21% to ₹28.64 after the Export-Import Bank of the United States filed an insolvency application against its subsidiary, Samalkot Power Ltd, claiming a default of USD 165.41 million. The company maintains that the application is legally untenable and has initiated arbitration proceedings against US Exim and Citibank N.A. ⚖️
Not investment advice. For informational purposes only.