Pursuant to Regulation 30 of the Listing Regulations, Reliance Power has informed that the subsidiaries of the Company, namely Kalai Power and Reliance Cleangen, for the purpose of debt settlement has signed a Debt Settlement and Discharge Agreement with the Wholly Owned Subsidiary of Authum Investment and Infrastructure - RCFL on March 26, 2024, in settlement of the entire obligations with respect to their outstanding consolidated debt of Rs 1023 crore. The Wholly Owned Subsidiary of Authum Investment and Infrastructure - RCFL holds seven crore fifty-nine lakhs seventy-seven thousand equity shares in the Company. Further, it is neither the related party nor part of the promoter group.
The above information is a part of company’s filings submitted to BSE.
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