Crisil has withdrawn its ‘D’ ratings for NCDs of Reliance Infrastructure’s totaling Rs 710 crore. The company has repaid the NCDs from the funds received from the sale of Integrated Mumbai Distribution Business to Adani Transmission. The company informed the NCD holders that they would be paid out of the proceeds of the transaction.
RInfra is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
