
Investment6 Apr 2024, 04:55 am
Reliance Infrastructure's Subsidiary Secures Rs. 400 Crore Inter Corporate Deposits
AI Summary
Reliance Velocity Limited, a wholly owned subsidiary of Reliance Infrastructure Limited, has entered into an agreement with Rosa Power Supply Company Limited for secured borrowing of Rs. 400 crore. This transaction, which is a related party transaction and has been done on an arm's length basis, was disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Reliance Velocity secures Rs. 400 crore inter corporate deposits
- Transaction is a related party transaction
- Borrowing done on an arm's length basis
- Disclosure made in accordance with SEBI regulations