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Reliance Infra shares tank 20% to lower circuit limit
image for illustrative purpose
New Delhi: Shares of Reliance Infrastructure on Wednesday tanked 20 per cent as in a major relief to the DMRC, the Supreme Court set aside its own judgment and held that the PSU firm was not obliged to pay over Rs 8,000 crore to the Delhi Airport Metro Express Private Ltd, a subsidiary of the firm, in pursuance of a 2017 arbitral award.
The stock dived 19.99 per cent to settle at Rs 227.40 -- its lower circuit limit -- on the BSE.