Tag Archives: ADAG

R-Infra Creditors ink agreement to implement resolution plan in 6 months

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Anil Dhirubhai Ambani Group’s (ADAG) Infra arm Reliance Infrastructure Ltd said of 16 lenders to the company having inked inter-creditor agreement, for the resolution of the company’s debt, vide which the resolution plan of the company shall be implemented in

ADAG led R-Infra to close 100% stake sale deal of Delhi-Agra Toll by Aug 2019

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses on Thursday, Anil Dhirubhai Ambani led Indian Infra major Reliance Infra said of closing the 100% stake sale deal of Delhi-Agra toll by August 2019, of which the enterprise value is pegged at 36 billion (~3,600 crore) rupees. The press

Anil Ambani led RCom announces strategic transformation for India & Emerging Markets

MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Reliance Communications Limited (RCOM) and its subsidiary, Global Cloud Xchange (GCX), today shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally. “As the company moves

RBI certifies Reliance Cap as Core Investment Company

MUMBAI | RAJKOT – Reliance Capital Ltd said in regulatory filing submitted to the Exchanges in India on Friday of the company having received Reserve Bank of India Certification as Core Investment Company. The Company has received Certificate of Registration from the Reserve Bank of India as a Core Investment Company- Non-Deposit Taking Systemically Important

Reliance Infra’s Credit Profile improves, CRISIL withdraws ‘D’ ratings for 710 cr NCDs

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group led Reliance Infrastructure Ltd’s credit profile is reported to have improving, as the rating agency CRISIL has withdrawn ‘D’ ratings assigned to the company’s 7.1 billion rupee Non-Convertible Debentures, the company press release submitted to the exchanges in India said. Crisil has withdrawn its ‘D’ ratings for

Apex Courts nods asset sale for ADAG’s RComm, the company to proceed with 250 billion rupee asset monetization plan

MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Monday, Reliance Communications Ltd (ADAG owned Telecom Entity) said of having got nod from the Apex Court of the nation for asset sales. Supreme Court of India has passed an order dated August 3, 2018, removing all uncertainties, and given a

Wanna Work @ one of the Great Places to Work in India! Go & apply at ADAG Company – Reliance Nippon Life

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group (ADAG) owned Reliance Nippon Life Asset Management (RNAM) (formerly Reliance Capital Asset Management Ltd) has featured amongst India’s Best Companies To Work For 2018 in a study conducted by Great Place To Work® Institute, the company said today, in the filing submitted to the exchanges in India.

Regulators nod 188-billion-rupee ADANI | AMBANI deal for Mumbai Asset, deal to close in July 2018

MUMBAI | AHMEDABAD | RAJKOT –  Maharashtra Electricity Regulatory Commission (MERC) has given its approval to the proposed 100% stake sale of Anil Dhirubhai Ambani Group (ADAG) owned Reliance Infrastructure Ltd.’s integrated Mumbai power business to Adani Transmission Ltd. Following the commission’s nod, the transaction is expected to be closed in July 2018, Reliance Power

Maha Power Regulator concluded hearing on R-Infra’s Mumbai Power Asset sale matter

MUMBAI | RAJKOT – Maharashtra Electricity Regulatory Commission (MERC) today concluded its hearing into the proposed 100% stake sale of Reliance Infrastructure Ltd’s integrated Mumbai power business to Adani Transmission Ltd MERC has reserved its order which is expected to be delivered in the next few weeks, R-Infra said today, in the press release filed

Anil Ambani led R-Comm confident to continue B2B segment biz amidst the turmoil in Telecom sector

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group (ADAG) led telecom arm Reliance Communication Ltd in a filing to exchanges has detailed its exit from Business-to-Consumers (B2C) vertical in telecom sector and the company continues to remain in business focusing on Business-to-Business (B2B) vertical. In light of recently held various analyst meets and media reports

Anil Ambani’s ‘Anmol’ lists gaming unit CODEMASTERS in UK, raises 14 billion rupees

MUMBAI | RAJKOT – Thank God its Friday! – one of the biggest day where indeed Anmol Anil Ambani has brought fortunes for ADAG (Anil Dhirubhai Ambani led Reliance Group) as his father Anil said of Anmol bringing luck to the company since his induction on the board, while inducting him and introducing him to

Mumbai’s 70 billion rupee Versova-Bandra Sea Link project goes to ADAG Reliance Infra-Astaldi (Italy) JV

MUMBAI | RAJKOT – (Anil Dhirubhai Ambani Group led) Reliance Infrastructure Limited and Astaldi S.p.A (Italy) in joint venture have bagged the 70-billion-rupee engineering, procurement and construction (EPC) contract for the prestigious Versova-Bandra Sea Link Project in Mumbai, the company filing to the exchanges in India, said. The letter of award (LoA) for the project