Shares of Reliance Infrastructure (R-Infra) tanked 20 per cent to Rs 227.40, freezing at the lower circuit on the BSE on Wednesday at 01:28 PM, amid heavy volumes after the Supreme Court (SC) set aside the Rs 8,000-crore arbitral award in favour of the company’s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL).
“The amounts deposited by the Delhi Metro Rail Corporation (DMRC) shall be refunded. Any amount paid by the petitioner as part of coercive action has to be refunded,” a bench led by Chief Justice of India (CJI) DY Chandrachud said, according to a Business Standard report.
