Reliance Infra sells Reliance Centre to Yes Bank for Rs 1,200 crore

Reliance Infrastructure on Thursday said it had sold its erstwhile headquarters ‘Reliance Centre’ in Santacruz, Mumbai to Yes Bank for Rs 1,200 crore.

The proceeds from the sale will be utilised to repay the debt of the private lender, Reliance Infrastructure said in a stock exchange filing. After this sale, Yes Bank’s exposure to Reliance Infrastructure has come down to Rs 2,000 crore, as per sources.