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RRIL terminates MoU with Rishabraj lnfra

06 Mar 2020 Evaluate

RRIL has terminated its Memorandum of Understanding (MoU) with Rishabraj Infra LLP for acquiring land at Tarapur, Boiser, district Palghar, since the specified conditions are not fulfilled and accordingly the parties have agreed to settle the same and the company will receive compensation amount of Rs 3.75 crore in addition to the refund of advance money paid.

The Board of Directors at its meeting held on March 05, 2020, approved and terminated the same.


Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 253.65
Arvind 498.55
Raymond Lifestyle 539.65
K.P.R. Mill 1167.20
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