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BRIEF-Reliance Infra unit files petition in Delhi high court for urgent payment of arbitration award
May 17, 2017 / 10:43 AM / 4 months ago

BRIEF-Reliance Infra unit files petition in Delhi high court for urgent payment of arbitration award

May 17 (Reuters) - Reliance Infrastructure Ltd

* Says subsidiary files section 9 petition in Delhi high court for urgent payment of arbitration award

* To use entire proceeds to repay its lenders comprising of psu and other banks

* Says has won arbitration award against DMRC amounting to INR 46.70 billion

* Says co expected to get 75% of the value of award, amounting to INR 35.00 billion Source text - (bit.ly/2rqeV9J) Further company coverage:

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