RInfra aims to unlock value in existing businesses

The Anil Ambani-led Reliance Infrastructure (RInfra) today said it is involved in different initiatives to unlock value in existing businesses, including the Mumbai power business, and to thereby considerably lessening its overall leverage.
The statement comes amid reports which said renewable energy company Greenko was in talks with RInfra to acquire its Mumbai electricity business.
"The company is engaged on various initiatives to unlock value in existing businesses, including inter alia the Mumbai power business, roads and transmission, and to thereby significantly reduce its overall leverage," the company said in a BSE filing.
The company's filing was in response to a news item which said 'Greenko eyes Reliance Infrastructure's Mumbai power business for $2 billion'.

"The company is not aware of any such information that has not been announced to the exchanges which could explain the aforesaid movement in the trading," the filing said.
With regard to the proposed initial public offering of units by Reliance Infrastructure InvIT Fund, sale of cement business and divestment of Mumbai power distribution business, the company has made necessary disclosures to the stock exchanges from time to time, the filing added.