Vidarbha power plant: Reliance power exits VIPL
Reliance Power Ltd has informed that it has exited the 600 MW Vidarbha Industries Power Ltd (VIPL) after pledging all its shares in VIPL to CFM ARC. As per updates, the shares were pledged in exchange for CFM releasing a corporate guarantee given by Reliance Power to the company.
This releases Reliance Power from its corporate guarantee obligations related to VIPL's Rs 3872 crore debt.
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