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Reliance Infrastructure moves Mumbai arbitration centre against Adani

Reliance Infrastructure has filed its statement of arbitration claims for a sum of approx Rs 13,400 crore before the Mumbai Centre for International Arbitration, the company said

Anil Ambani, owner of Reliance Infra
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Anil Ambani

BS Reporter Mumbai
Reliance Infrastructure, an Anil Ambani group company, has moved the Mumbai Centre for International Arbitration against the Adani group in relation to disputes with regard to breach of the terms of the share purchase agreement December 2017 relating to transfer of Mumbai power distribution business to Adani Transmission.

Reliance Infrastructure has filed its statement of arbitration claims for a sum of approx Rs 13,400 crore before the Mumbai Centre for International Arbitration, the company said.

"The financial implication cannot be ascertained and is contingent upon the final outcome of arbitration and subsequent legal challenges," it said in a filing to