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Anil Ambani-Led Reliance Infrastructure To Sell Power Transmission Business To Adani Group
Reliance Infra will sell its power transmission assets to Adani Group Sale consideration is in excess of Rs 2,000 crore, say banking sources RInfra is in advanced stage of monetising its Mumbai power businesses
05 Oct 2016, 03:40 PM IST 
Anil Ambani-led Reliance Infrastructure owns India's first 100% private sector transmission project.
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd on Wednesday signed an agreement to sell its power transmission assets to Adani Group for over Rs 2,000 crore.
Reliance Infrastructure owns two electricity transmission lines spanning Maharashtra, Gujarat, Madhya Pradesh and Karnataka, and has a 74 per cent stake in another one in Himachal Pradesh and Punjab.
"Reliance Infrastructure Ltd today announced the signing of a bindi...
