Reliance Infra Board Approves Promoter Reclassification Request

Reliance Infrastructure Ltd's Board of Directors has reviewed and approved applications from Reliance Innoventures Private Limited (RIPL) and its subsidiary, Reliance Project Ventures and Management Private Limited, seeking re-classification from promoter group to public. This follows the implementation of RIPL's Resolution Plan by Sagacious Capital Private Limited under the Insolvency and Bankruptcy Code, 2016. The Board noted the applications comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and will proceed with the necessary steps.