Reliance Infra to sell its transmission business to Adani
Gautam Adani, Chairman of Adani Group, said “With this acquisition, ATL will enjoy substantial benefit of scale driving and is in sync with the deep-rooted strategy of ATL to enhance the value for the stakeholders through both organic as well as inorganic growth.”
Reliance Infra did not disclose the deal size but said that the proceeds of the deal will be used to reduce its debt. Photo: Reuters