Reliance Power Ltd's 6 lenders have signed the Inter-Creditor Agreement (ICA) on July 6, 2019. As per the RBI Circular of June 7, 2019, 100% of its lenders have signed the ICA for the resolution of Reliance Power's debt.
Reliance Power has now achieved standstill for 180 days as per the ICA. According to the RBI Circular, the Resolution Plan of Reliance Power is to be implemented within 180 days.
All 6 Lenders of Reliance Power's subsidiary Vidarbha Industries Power Limited (VIPL), 600 MW Butibori Power Project near Nagpur in Maharashtra, have also signed ICA giving VIPL a 180-day timeframe to implement a resolution plan.
Shares of RELIANCE POWER LTD. was last trading in BSE at Rs.4.21 as compared to the previous close of Rs. 3.99. The total number of shares traded during the day was 4461378 in over 6647 trades.
The stock hit an intraday high of Rs. 4.49 and intraday low of 4. The net turnover during the day was Rs. 18603179.