Reliance Ports & Terminals (RPTL) is learnt to have received Rs 3,000 crore equity infusion from its Reliance Industries (RIL) in 2012-13.
Also, the Mukesh Ambani-led firm infused Rs 1,575 crore of equity in Reliance Gas & Transportation Infrastructure (RGTIL) last year. RGTIL is also said to have borrowed Rs 4,000 crore as subordinated debt from the investor companies – owned by Mukesh Ambani.
RIL demerged its investment divisions into separate companies in a complex process undertaken last year and this necessitated fund infusion into both the companies.
These investment companies were then merged with another unlisted entity owned by Ambani called Reliance Industries Holding (RIHPL).
According to the scheme of arrangement, the total impairment of investments by Ambani firms, including RPTL’s and Reliance Gas’ investment divisions, is a massive Rs 15,800 crore.
RIL infused the capital because the net worth of the company was eroded after the investment division was demerged to RIHPL.
The “notional” losses in various listed and unlisted entities have caused the impairment of the investment divisions, reports indicate.
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