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To reduce debt Reliance Infrastructure to sell to Adani

Binding term sheet is signed to sell Reliance Infrastructure Ltd(Anil Ambani)'s transmission assets to Adani Transmission Ltd to reduce debts.Reliance Infrastructure's long term loan is Rs.21,886.5 Crore on Mar'31,2016 & total loan including short term loan was Rs.42,356.9 Crore. The sale amount will be entirely used for debt reduction. The deal is expected to be finalized in this Financial Year.

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To reduce debt Reliance Infrastructure to sell to Adani

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To reduce debt Reliance Infrastructure to sell to Adani