Reliance Infrastructure Limited — Others, 12-04-2025: Action(s) taken or orders passed

Reliance Infrastructure Limited has announced a board meeting to discuss the implications of receiving resumption orders from the Maharashtra Industrial Development Corporation (MIDC) concerning five step-down subsidiaries managing various airports. The MIDC has resumed possession of the leased lands, citing defects in monitoring and operations by the subsidiaries. The company's investment in these Special Purpose Vehicles (SPVs) is approximately ₹91 crore (Cr). This development may lead to operational challenges, influencing investor sentiment with potential risks to financial stability, while also indicating a need for improved compliance and management in airport operations.