Reliance Infra sells Mumbai power biz to Adani for â¹13,000cr
Anil Ambani-led Reliance Infrastructure (RInfra) has agreed to sell its Mumbai power business to Adani Transmission in a deal valued at â¹13,251 crore. The business includes generation, transmission, and distribution of power across Mumbai. RInfra said it will utilise the proceeds of the transaction entirely to reduce its debt, becoming debt free and cash surplus of up to â¹3,000 crore.