Reliance Infra To Sell 49% Stake In Mumbai Based Power Business

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Anil Ambani led Reliance Infra is about to sell 49% of its stake in the Mumbai based power business to PSP Investments, a Canadian pension investment giant with over 112 Billion $ of assets. This deal will land Reliance Infra with 3,500 to 4,000 Crore INR which will be used to clear outstanding debts. The deal, however, is still pending no objection from SEBI.

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Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

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