 "Anil Ambani's company, Reliance Telecon, slipped into insolvency in 2019. (Photo: Bloomberg)")
Anil Ambani-led Reliance Infrastructure (RInfra) will not undergo insolvency proceedings as it is looking to pay its lenders in the next few weeks, said a company executive. RInfra is likely to complete the sale of its Delhi-Agra toll road by January-end and its proceeds will be used for debt repayment, the executive added.
“RInfra has received in-principle approval for harmonious substitution in the Delhi-Agra (DA) toll road project on January 7 from the National Highways Authority of India (NHAI). This approval paves the way for closing the sale,” the company said in a statement on Thursday.
In March 2019, RInfra
