<h1>Diversified group faces financial strain as arbitral awards require two listed subsidiaries to pay Rs 508.95 crore jointly</h1> A diversified group faces renewed financial strain after two of its listed subsidiaries disclosed receipt of ICC arbitral awards arising from a 2017 facility agreement involving certain promoters; the tribunal issued a final award directing the subsidiaries and other parties to pay Rs 508.95 crore jointly and severally to the claimants, plus USD 564,600 and Rs 20.23 lakh in costs. Both subsidiaries said they received copies of the award, are reviewing the matter and evaluating next steps. The group has ongoing debt restructuring and promoter-level disputes that may affect its financial position.