RInfra to sell Mumbai power biz to Adani Transmission for Rs 13,251 crore

This is the second attempt by Reliance Infrastructure to sell its distribution assets

The Anil Ambani-controlled Reliance Infrastructure (RInfra) on Thursday announced the sale of its Mumbai power business to Adani Transmission. The deal, valued at Rs 13,251 crore, is one of the biggest asset monetisation moves the Reliance ADA group has undertaken so far.

RInfra has signed a “definitive binding agreement” with Adani Transmission for a 100 per cent stake sale of its Mumbai power business, which includes generation, transmission, and distribution. 

The deal included business valued at Rs 12,101 crore and regulatory assets approved so far of Rs 1,150 crore, RInfra said in a statement. Regulatory assets are dues approved by