Mumbai (Maharashtra), July 11 -- : Reliance Infrastructure Limited's 16 lenders have signed the inter-creditor agreement (ICA), the Anil Ambani-owned company said on Thursday, adding it aims to be debt free by next year.
"Reliance Infrastructure has now achieved standstill for 180 days as per the ICA," it said. According to the Reserve Bank of India (RBI) circular of June 7, the resolution plan of Reliance Infrastructure is to be implemented within 180 days.
"Reliance Infrastructure is confident of implementing its resolution plan well before the 180 days deadline based on advanced progress of its various asset monetisation initiatives," it said in a statement.
As per the RBI framework, the resolution plan has to be agreed to by 75 per c...