Maharashtra government proposes Rs 1,700 crore one-time debt settlement for Mumbai Metro One Pvt Ltd.
The Maharashtra government has proposed a one-time debt settlement of Rs 1,700 crore for Mumbai Metro One Pvt Ltd (MMOPL) owed to its lenders. The MMRDA's executive committee will consider the debt settlement as the previous decision to acquire Mumbai's Metro 1 has been reversed. MMOPL, operated through a special purpose vehicle, is a joint venture between MMRDA and Reliance Infrastructure, which holds 74% stake. In March 2024, MMOPL agreed with creditors to settle its debt for Rs 1,700 crore.
July 04, 2024
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