Reliance Infra to close Rs 19,000 crore Mumbai power business sale with Adani next week
Updated : July 30, 2018 11:52 PM IST
The two had signed the pact for 100 percent stake sale of R-Infra's integrated business of generation, transmission and distribution of power for Mumbai in December 2017.
The company said that the total consideration value of the deal is estimated at Rs 18,800 crore.
The company claimed that the Reliance Infrastructure Mumbai Power business (known as Reliance Energy) is India's largest private sector integrated power utility distributing power to nearly 3 million residential, industrial and commercial consumers in the suburbs of Mumbai, covering an area of 400 sq km.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more