Anil Ambani’s R-Infra settles dispute with CPL for Rs 6,503 crore

Anil Ambani’s Reliance Infrastructure Limited (R-Infra) has resolved a disagreement with CLE Private Limited (CPL)—previously Crest Logistics and Engineers Private Limited, a non-listed private firm—for a deal worth Rs 6,503.13 crore, as stated in the company’s filing to the stock exchange.

According to the agreement’s terms, assets and economic interests in CPL valued at Rs 5,777.13 crore have been assigned or transferred to R-Infra, and the decreed amount of Rs 726 crore has been converted into a secured loan, along with standard representations, warranties, and indemnity benefiting the company.

The company announced that all unresolved disputes and claims against CPL have been completely and conclusively resolved. In August 2023, R-Infra commenced pre-institution mediation against CLE Private Limited to “recover a total of rupees one hundred thirty billion and two hundred fifty million plus interest” before the relevant authority of the Bombay High Court in Mumbai.

The conflict was settled via mediation at the Bombay High Court. The terms of consent related to the mediation request were presented to the court’s mediation center in accordance with the stipulations of the Mediation Act, 2023, to settle the conflict.

Moreover, the board of directors of R-Infra will convene on February 13 to ratify the company’s financial results for the quarter that ended in December 2024. Previously, the consolidated profit of the company attributable to the parent owners for the second quarter of financial year 2025 (Q2 FY25) reached Rs 4,082.53 crore, compared to a loss of Rs 294.1 crore in Q2 FY24. The total market capitalization of the company is approximately Rs 11,159.02 crore.