Anil Ambani’s RInfra aims to be debt-free in 2020, all 16 lenders sign resolution pact

Reliance Infrastructure on Thursday informed the stock exchanges that all the 16 lenders had signed the inter-creditor agreement (ICA) for resolution of the account. The stock ended up 11% to Rs 51.05.

“Reliance Infrastructure is confident of implementing its resolution plan well before the 180-day deadline based on advanced progress of its various asset monentisation initiatives,” the notice read.