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BRIEF-Reliance Infrastructure ‍executes agreement to transfer WRSSS Transmission Undertakings​
October 9, 2017 / 9:32 AM / 2 months ago

BRIEF-Reliance Infrastructure ‍executes agreement to transfer WRSSS Transmission Undertakings​

Oct 9 (Reuters) - Reliance Infrastructure Ltd

* Says ‍executes Business Transfer Agreement (bta) for transfer of its WRSSS Transmission Undertakings​

* Says entire sale proceeds shall be utilized for debt reduction‍​

* Says all key approvals have been obtained and transaction is expected to be closed shortly

* Says western region system strengthening scheme transmission undertakings valued at about 10 billion rupees

* WRSSS B & C undertakings transferred to its two units as part of process of sale of businesses to Adani Transmission Ltd

Source text - bit.ly/2y5Xpvb

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