Reliance Energy updates on Piramal Capital’s petition at NCLT

Reliance Power updates on Piramal Capital's petition at NCLT

An utility beneath Part 7 of the Insolvency and Chapter Code, 2016, has been filed in opposition to Reliance Energy Ltd and its subsidiary Reliance Pure Sources Restricted (RNRL) by Piramal Capital and Housing Finance Restricted in relation to monetary declare of Rs. 526.10 Cr due from RNRL.

No discover in relation to the above has but been issued by NCLT to the corporate or its subsidiary. The corporate has mentioned this in its disclosure to inventory exchanges that it has given the notification with ample warning.

The Firm additionally talked about that it has engaged in bilateral discussions to resolve the matter exterior IBC and taking requisite steps.

Shares of Reliance Energy Restricted was final buying and selling in BSE at Rs. 12.99 as in comparison with the earlier shut of Rs. 13.02. The whole variety of shares traded in the course of the day was 5079828 in over 6266 trades.

The inventory hit an intraday excessive of Rs. 13.44 and intraday low of 12.90. The web turnover in the course of the day was Rs. 66983349.00.

Supply : Fairness Bulls

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