Reliance Infrastructure Ltd reduces standalone external debt to Rs. 475 crore

Reliance Infrastructure Limited (Reliance Infra) announced that Invent Assets Securitisation and Reconstruction Private Limited, a lender to the Company, has novated certain charged securities to recover its dues. As a result, Invent ARC's entire fund based outstanding amount has been reduced to Zero.

Additionally, Reliance Infra has cleared its funded outstanding dues to Life Insurance Corporation of India, Edelweiss Asset Reconstruction Company Limited, ICICI Bank, Union Bank, and other lenders.

The Company's external debt liability is down to INR 475 crore. Consequently, the net worth of the Company will stand at ~INR 9,041 crore.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 235.65 as compared to the previous close of Rs. 215.75. The total number of shares traded during the day was 797988 in over 8402 trades.

The stock hit an intraday high of Rs. 238.00 and intraday low of 217.95. The net turnover during the day was Rs. 184316650.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 Invent Lender FundbasedOutstanding Zero ExternalDebt