Page 8 - Reliance Infrastructure

Reliance Infra sells 74% stake in PKTCL worth Rs 900 cr to IndiGrid

The deal was announced in November 2020

RInfra completes sale of DA Toll Road to Cube Highways at EV of Rs 3,600 cr

Sale helps RInfra reduce its total debt liabilities by 20%

Reliance Infra completes Delhi-Agra toll road sale to Cube for Rs 3,600 cr

Reliance Infra on Friday announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore

RInfra, DHFL, Tanla Platforms and 384 other stocks hit upper circuit

Kothari Products, Oswal Greentech, Adhunik Ind, JP Ventures, Sical Logistics, Shemaroo Entertainment, Geojit Financial, Mawana Sugars, Hindustan National Glass were locked in 20% upper circuit.

IndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infra

India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam TransmissionCompanyfrom Reliance Infrastructure. "India Grid Trust has signed sharepurchase agreement on November 28th, 2020 for acquisition of 74 per centin Parbati Koldam TransmissionCompany Ltd(PKTCL) from Reliance Infrastructure Ltd," a BSE filing said. The completion of acquisition would dependupon receipt of relevant approvals and completion of contractual obligations, it added. According to filing, the implied enterprise value (for 100% equity shares) is Rs900 croreinclusive of cash & cash reserves andnormalised tariff receivables, subject to adjustments on account of movement in cash, deviation in outstandingdebt, tariff receivables, assets, liabilities outstanding. PKTCL was incorporated on September 2, 2002. PKTCLis joint venture between Reliance Infrastructure Limited (74%) and Power Grid Corporation of India Limited(26%). PKTCL operates 458 circuitkilometres

RInfra net loss at Rs 288 cr in June qtr, income declines to Rs 4,453 cr

The company said it has assets of over Rs 66,800 crore and net worth of Rs 9,500 crore

Tata Power to raise Rs 2,600 crore from Tata Sons via preferential issue

Tata Power board approves setting up of renewables InvIT

RInfra to be debt-free in FY21; firm to monetise assets: Anil Ambani

Ambani further said RInfra has around Rs 60,000 crore of receivables stuck in regulatory and arbitration matters which are pending for 5-10 years

Market Ahead, June 3: Top factors that could guide markets today

Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country

Anil Ambani-promoted RInfra's total default pegged at Rs 3,315 crore

In notes to its consolidated results for FY20, the list of debt on which it has defaulted, or has delayed payments, includes 33 different lenders and non-convertible debenture (NCD) series.

Reliance Infrastructure defaulted on loans of YES Bank, J&K Bank and Srei

The firm said it had borrowings of Rs 3,627 crore from YES Bank, in a disclosure to the stock exchanges

Reliance Infrastructure removes KPMG from BSES stake sale process

KPMG's exit from the mandate means the entire process will now start afresh, led by RInfra itself

YES Bank acquires 24.19% stake in Dish TV through pledged shares

The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.

NTPC joins fray to buy RInfra's Delhi electricity distribution business

In a letter to the Delhi Electricity Regulatory Commission (DERC), NTPC said it was keen to buy 51 per cent stake in BSES Rajdhani Power and BSES Yamuna Power

Tata group, Adani, CESC may join the race to buy BSES companies

Clouding the valuation will be dues to generation firms and a possible CAG audit

Adani, GMR among firms keen on revamping Nellore, Tirupati railway stations

Both stations will be redeveloped in PPP mode and based on the design, build, finance, operate transfer (DBFOT) model

RInfra's regulatory assets could impact sale of Delhi power business

There has been no tariff hike in the last four years and experts believe that the status quo is likely to prevail in the near future

Covid-19 outbreak: Metro operators lose Rs 700 crore amid lockdown

DMRC to have the largest chunk of revenue loss estimated at Rs 700 cr

Top biz headlines: RBI's relief for MFs, Axis Bank results and more

Here are the top 10 headlines on Tuesday

Will not face insolvency proceedings, says Anil Ambani's Reliance Infra

The executive mentioned earlier said with the payment of Rs 1,700 crore to lenders, RInfra would not need to go through an insolvency process