InvestorQ : What is this legal battle between Reliance ADAG group and Adani?
Archita Jajjoo made post

What is this legal battle between Reliance ADAG group and Adani?

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Niti Shenoi answered.
3 weeks ago
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Reliance Infrastructure, formerly Reliance power distributor in Mumbai, has filed an arbitration claim of Rs13,400 crore pertaining to the deal to sell its Mumbai power-distribution business to Adani Transmission Ltd. The deal happened way back in 2017 and at that time the compensation demanded was just Rs500 crore.

While details are not available at this point of time, Reliance Infrastructure has cited clear breach in the terms of the December 2017 agreement. As of now, the financial implication is hard to ascertain with any specific number and is contingent upon final outcome of arbitration. Adani has not offered any response to this arbitration claim, so it is not known where the group stands.

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