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.
Source: BSE
