Three bids for Anil Ambani’s Delhi power distribution business
Mumbai: Italy’s biggest utility Enel Group is competing with homegrown private power producer-distributors Greenko and Torrent PowerNSE -0.38 % to acquire Reliance InfrastructureNSE -4.82 %’s Delhi electricity distribution business, said people aware of the matter. The Anil Ambani-led Reliance Group is looking to sell assets to pay off lenders. The unit is India’s largest in terms of consumers.
Reliance Infrastructure had hired KPMG to find buyers for the 51% stake each it holds in BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL). The Delhi government owns the remaining 49% in both. The three submitted bids last Friday to comply with the deadline, said people directly involved in the matter.
