Reliance Infrastructure Limited: No Party to Reliance Defence's Tie-Up with Rheinmetall

Reliance Infrastructure Limited has clarified that it is not a party to the negotiations carried out by the business team of its subsidiary, Reliance Defence Limited, which has tied up with Rheinmetall to supply ammunition and explosives. The Company received a copy of the media release issued by the business team of the subsidiary and notified it to the Stock Exchanges. The Memorandum of Understanding entered into by the subsidiary is non-binding, making the impact of this article not ascertainable at this stage.