Reliance Infrastructure sells stakes worth ₹900 cr in PKTCL to India Grid
Reliance Infrastructure on Saturday said it has completed the sale of its entire 74 per cent stake in PKTCL to India Grid Trust for ₹900 crore.
The proceeds will be utilised for debt reduction, and the company’s dues will come down by 6 per cent to ₹13,100 crore from ₹14,000 crore.
“Reliance Infrastructure Limited (RInfra) announces the successful completion of the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ₹900 crore,” the company said in a statement.
