Non-transfer of land likely to hit Reliance Infra, Adani Electricity deal

A group of consumers is questioning the non-transfer of land parcels with the distribution business to Adani Electricity Mumbai, the new operator

Anil Ambani-promoted Reliance Infrastructure (R-Infra) may need to answer a new set of questions on its Mumbai distribution business sale as some consumers seek a right to appeal against the deal at the Appellate tribunal. The consumer groups wants land parcels to be transferred along with the distribution business to Adani Electricity Mumbai, the new operator.

RInfra acquired the Mumbai distribution business from the state utility BSES Ltd in 2003 and as part of the acquisition, land parcels measuring 15,514 square metres were also transferred to RInfra. At present, Anil Ambani's Reliance group headquarters stands on the said land parcel.

A group