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Reliance Infra completes Rs 188 billion Mumbai power biz sale to Adani

Anil Ambani announced the culmination of the deal involving the sale of the integrated power business which was stuck in December last year

Anil Ambani
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Anil Ambani

Press Trust of India Mumbai
Reliance Infrastructure (RInfra) on Wednesday said it has completed the Rs 188 billion deal for sale of its Mumbai energy business to Adani Transmission, which will help it pare debt by two-thirds to Rs 75 billion.

Company chairman Anil Ambani announced the culmination of the deal involving the sale of the integrated power business which was stuck in December last year.

Ambani said the deal will help cut the company's overall debt to Rs 75 billion from the earlier Rs 220 billion and also added that it is planning to be a zero debt company by next year.

The company had called a

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First Published: Aug 29 2018 | 6:28 PM IST

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