Reliance Infrastructure looking for strategic investor

Reliance Infrastructure looking for strategic investor

Reliance Infrastructure has been on a look out for a buyer to sell a partial stake in these two businesses for the past few quarters but has not closed a sale so far. The company has invested around Rs15000 crore in these two businesses and the proceeds will solely be used to reduce debt, Ambani added. in 2014-15, Reliance Infrastructure had a total consolidated debt of Rs25766.09 crore.

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