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  1. Dark Sorrow

    Adani acquires Mumbai business of debt-hit Reliance Energy for Rs 19,000 crore

    Mumbai: Reliance Infrastructure Ltd (RInfra) on Thursday said it has signed a definitive binding agreement to sell its Mumbai power business to Adani Transmission Ltd for Rs18,800 crore. While initially the company will be paid Rs13,251 crore, about Rs5,000 crore will come into the company’s...
  2. Dark Sorrow

    Adani acquires Mumbai business of debt-hit Reliance Energy for Rs 19,000 crore

    NEW DELHI/MUMBAI: In the largest corporate takeover in the power sector in recent times, debt-laden Reliance Infrastructure has sold its electricity generation, transmission and distribution business in Mumbai run under the Reliance Energy brand to Adani Transmission Ltd in an all cash deal...
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