Big win for Anil Ambani, Rs 65030000000 long pending dispute settled with…, company is…
GH News February 11, 2025 03:06 PM
![](https://shengbo-xjp.oss-ap-southeast-1.aliyuncs.com/Push/Upload/File/2025/02/11/1506438231.png)
Anil Ambani’s Reliance Infrastructure Limited (R-Infra) has successfully settled a Rs 6503.13 crore dispute with CLE Private Limited (CPL) formerly known as Crest Logistics and Engineers Private Limited a non-listed private company. The resolution disclosed in a stock exchange filing has significantly impacted R-Infra’s financial standing.
Reliance Infra- CLE Settlement
Assets and economic interests valued at Rs 5777.13 crore were handed over or transferred to R-Infra by CPL. A sum of Rs 726 crore along with customary representations warranties and indemnities has been converted into a secured loan in favor of R-Infra. All pending claims and disputes against CPL have been fully and finally resolved.
Background Of Dispute
In August 2023 R-Infra had initiated pre-arbitration proceedings against CLE Private Limited in the Bombay High Court. The case sought to recover Rs 13250 crore including interest.
The settlement was achieved through arbitration under the provisions of the Arbitration Act 2023. The agreed terms were submitted to the arbitration center within the Bombay High Court ensuring compliance with legal frameworks.
R-Infra Share Price Performance
R-Infra’s Board of Directors is set to meet on February 13 to approve the company’s financial results for the quarter ending December 2024.
In Q2 FY25 R-Infra reported a consolidated profit of Rs 4082.53 crore attributable to its shareholders marking a sharp turnaround from a loss of Rs 294.1 crore in Q2 FY24.
The company’s stock price has seen an extraordinary rise currently trading at Rs 281 a remarkable recovery from a low of Rs 12. R-Infra’s total market capitalization now stands at approximately Rs 11159.02 crore.