Business Standard

Reliance Infrastructure shares soar nearly 6 pc, other group stocks too gain


Press Trust of India New Delhi
Shares of Reliance Infrastructure surged nearly 6 per cent today after the company said it has completed the Rs 18,800-crore deal for sale of its Mumbai energy business to Adani Transmission.
The scrip jumped 5.54 per cent to end at Rs 463.10 on the BSE. Intra-day, it soared 8.88 per cent to Rs 477.80.
On the NSE, shares of the company climbed 5.62 per cent to close at Rs 464.
Buying was also seen in other group stocks, with Reliance Power soaring 5.93 per cent, Reliance Naval and Engineering 4.94 per cent and Reliance Capital 2.87 per cent on the BSE.
The Adani group and Reliance group yesterday completed the Rs 18,800-crore deal under which Anil Ambani-led Reliance Infrastructure has sold its energy business in Mumbai, including generation, distribution and transmission to Adani Transmission.

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First Published: Aug 30 2018 | 8:25 PM IST

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