RELINFRANSEReliance Infrastructure Limited· PowerHighNegative
Announced Tue, 23 Jun · 23:08 IST
PMLA authority confirms attachment of RInfra subsidiary shares worth Rs 1,575 cr
Regulatory & Legal View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Reliance Infrastructure informed exchanges that the PMLA Adjudicating Authority has confirmed provisional attachment of its shareholding in three subsidiaries, BSES Yamuna Power, BSES Rajdhani Power, and Mumbai Metro One, for about Rs 1,575 crore, related to the period 2017-2019. The company will file an appeal challenging the order.
Likely market impact
Negative near-term as subsidiary shares worth Rs 1,575 cr are attached. Company is appealing, outcome uncertain.