Reliance Infrastructure Limited — Others, 31-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mumbai Metro One Private Limited (MMOPL), a joint venture where Reliance Infrastructure holds 74%, has received a notice from Canara Bank and other domestic lenders regarding the assignment of their entire rupee loan exposure to the National Asset Reconstruction Company Limited. This move follows Reserve Bank of India guidelines and could significantly impact MMOPL’s financial structuring and operations. For Reliance Infrastructure, this development might raise concerns among investors regarding the governance of MMOPL but also presents an opportunity to streamline financial obligations, potentially leading to a positive outlook if managed effectively.