Reliance Power has fully settled its obligations worth Rs 3,872 crore as a guarantor on behalf of Vidarbha Industries Power, leading to the release of all related corporate guarantees. This development was followed by a 5% surge in Reliance Power’s stock, reaching Rs 32.97 on the NSE on September 18, 2024. The company also resolved disputes with CFM Asset Reconstruction, pledging 100% of VIPL shares in favor of CFM to settle the obligations.
