Reliance Power has settled INR 3872.04 Crore debt related to Vidarbha Industries Power Limited (VIPL).
The settlement led to the release and discharge of Corporate Guarantee, Undertakings, and all obligations and claims under these guarantees.
Reliance Power has resolved all disputes with CFM Asset Reconstruction Private Limited (CFM).
100% shares of VIPL have been pledged in favor of CFM against the release and discharge of Corporate Guarantee.
Reliance Power is a leading private sector power generation and coal resources company in India with a diversified energy portfolio.