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BUZZ-India's Reliance Infra rises; to sell Mumbai power business -report
August 29, 2017 / 5:13 AM / 25 days ago

BUZZ-India's Reliance Infra rises; to sell Mumbai power business -report

** Shares of Reliance Infrastructure Ltd surge as much as 6.8 pct, their highest since Aug. 9

** Renewable energy firm Greenko is in talks to buy Reliance Infrastructure's Mumbai electricity business for 100-130 bln rupees ($1.56-$2.03 bln), the Economic Times reported, citing unnamed people aware of the discussions bit.ly/2wkj3uw

** Reliance Infrastructure did not respond to an email sent by Reuters, while Greenko was not immediately available for comment

** Up to Monday’s close, stock had risen 3.5 pct this year ($1 = 63.9400 Indian rupees)

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