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Reliance Power informs about CIRP initiation

22 Jan 2020 Evaluate

Reliance Power has informed that application for initiation of CIRP for Vidarbha Industries Power, a subsidiary of the Company has been filed by only one of its lender Axis Bank for a claim of Rs 553.28 Crore. The Company is engaged with all its lenders to arrive at a suitable resolution outside CIRP.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
NTPC 303.00
Tata Power 337.45
Adani Power 188.10
Power Grid Corpn. 251.50
Adani Energy Solut. 1304.00
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