RInfra completes â¹18,800 crore Mumbai power biz sale to Adani
Anil Ambani-led Reliance Infrastructure (RInfra) on Wednesday said it has completed the â¹18,800-crore sale of its Mumbai energy business to Adani Transmission. Ambani said the deal will help cut the company's overall debt from â¹22,000 crore to â¹7,500 crore. Last week, RInfra had defaulted on principal and interest payments on non-convertible debentures amounting to â¹133.38 crore.