Reliance Infrastructure Agrees to Sell Mumbai Electricity Minority Stake to PSP Investments
Posted on 11/18/2015
Reliance Infrastructure Ltd., part of the Reliance Anil Dhirubhai Ambani Group, has signed an agreement to sell a 49% stake in its Mumbai electricity business to the Public Sector Pension Investment Board of Canada (PSP Investments). The transaction gives the division an enterprise value of Rs 15,000 crore (US$ 2.28 billion). PSP Investments is rumored […]