You are here: Home » Companies Ā» News
Reliance can explore reorganising company to list subsidiaries: Report
Makers of safety-critical parts on capex drive to get set for new rules
Business Standard

Reliance Infra files Rs 13,400-cr claim in power deal with Adani

Reliance cited a breach in the terms of a December 2017 agreement, and filed its statement of claim before the Mumbai Centre for International Arbitration

Topics
Reliance Infrastructure

Bloomberg 



Photo: Bloomberg
Anil Ambani (Photo: Bloomberg)

Ltd. said it filed an arbitration claim of Rs 13,400 crore in relation to a deal to sell its Mumbai power-distribution business to Adani Transmission Ltd.

cited a breach in the terms of a December 2017 agreement, and filed its statement of claim before the Mumbai Centre for International Arbitration, according to a stock exchange filing. It did not elaborate on the dispute.

“The financial implication cannot be ascertained and is contingent upon the final outcome of arbitration and subsequent legal challenges,” Reliance said.

Calls to Adani Transmission’s main line went unanswered outside of regular business hours on Sunday, and there was no immediate reply to an email seeking comment.


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, September 11 2022. 16:42 IST

RECOMMENDED FOR YOU

.