INSUBCONTINENT EXCLUSIVE:
The RInfra scrip gained 3.75 per cent to close at Rs 438.80 a piece on the BSE today.Mumbai: Reliance Infrastructure (RInfra) today said it
has completed the Rs 18,800-crore deal for sale of its Mumbai energy business to Adani Transmission, which will help it pare debt by
two-thirds to Rs 7,500 crore
Company chairman Anil Ambani announced the culmination of the deal involving the sale of the integrated power business which was struck in
Ambani said the deal will help cut the company's overall debt to Rs 7,500 crore from the earlier Rs 22,000 crore and also added that it is
fair trade regulator Competition Commission of India (CCI), shareholders of the company and Maharashtra Electricity Regulatory Commission
had claimed that the Reliance Infrastructure Mumbai Power business (known as Reliance Energy) is India's largest private sector integrated
power utility distributing power to nearly three million residential, industrial and commercial consumers in the suburbs of Mumbai, covering
Thecompany had earlier said that going forward, it will focus on upcoming opportunities in asset light EPC (engineering, procurement and
RInfra hastied up with Italy's Astaldi to build the 10-km sealink in the western suburbs of the financial capital.
