{"id":543543,"date":"2022-12-16T10:07:21","date_gmt":"2022-12-16T04:37:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=543543"},"modified":"2022-12-16T11:23:49","modified_gmt":"2022-12-16T05:53:49","slug":"after-sc-rap-dmrc-launches-rs-7100-crore-rights-issue-for-rinfra-dues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-sc-rap-dmrc-launches-rs-7100-crore-rights-issue-for-rinfra-dues\/","title":{"rendered":"After SC rap, DMRC launches Rs 7,100 crore rights issue for RInfra dues"},"content":{"rendered":"<p>The Delhi Metro Rail Corporation (DMRC) on Thursday launched a rights issue to raise Rs 7,131 crore from its existing shareholders \u2013 the Centre and the Delhi government, which own 50 per cent of the company each \u2013 to put an end to its tussle with Reliance Infrastructure (RInfra).<\/p>\n<p>The decision was taken at a meeting of the company\u2019s board on Tuesday, a day after the Supreme Court cracked the whip on the urban transporter for repeatedly failing to pay Delhi Airport Metro Express (DAMEPL), a RInfra subsidiary, Rs 4,500 crore worth of arbitral award dues.<\/p>\n<p>The issue will close on January 11, and DMRC has asked both its shareholders to subscribe equally to the equity share capital, which works out to Rs 3,565.64 crore each.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi Metro Rail Corporation (DMRC) on Thursday launched a rights issue to raise Rs 7,131 crore from its existing shareholders \u2013 the Centre and the Delhi government, which own 50 per cent of the company each \u2013 to put an end to its tussle with Reliance Infrastructure (RInfra). The decision was taken at a meeting of the company\u2019s board on Tuesday, a day after the Supreme Court cracked the whip on the urban transporter for repeatedly failing to pay Delhi Airport Metro Express (DAMEPL), a RInfra subsidiary, Rs 4,500 crore worth of arbitral award dues. The issue will close [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-543543","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=543543"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543543\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=543543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=543543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=543543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}