Reliance Infra tanks 20% after SC ruling in ₹2,800 cr arbitral award case
SC sets aside ₹2,800 cr arbitral award; asks Reliance Infra to refund the entire amount to DMRC
SC sets aside ₹2,800 cr arbitral award; asks Reliance Infra to refund the entire amount to DMRC
Reliance Infrastructure and Reliance Power nosedived up to 9% in tandem with a 0.8% fall in the BSE Sensex.
Anil Ambani stepped down from the boards of directors of both Reliance group companies after SEBI banned him from associating with any listed company.
The share of this Anil Ambani Group company has rallied despite reporting net losses in the last four quarters.
More than 56% of the 1,942 listed companies in India generated a positive CAGR between 2010 and 2019.