{"id":394461,"date":"2021-01-11T10:32:10","date_gmt":"2021-01-11T05:02:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394461"},"modified":"2021-01-11T12:02:37","modified_gmt":"2021-01-11T06:32:37","slug":"reliance-infrastructure-completes-transmission-jv-sale-to-indigrid-for-enterprise-value-of-rs-900-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-infrastructure-completes-transmission-jv-sale-to-indigrid-for-enterprise-value-of-rs-900-crore\/","title":{"rendered":"Reliance Infrastructure completes transmission JV sale to IndiGrid for enterprise value of Rs 900 crore"},"content":{"rendered":"<p>Mumbai: Reliance Infrastructure NSE 4.92 % has completed the sale of its entire holding in a power transmission joint venture with the state-run Power Grid Corporation of India for an enterprise value of Rs 900 crore, the Anil Ambani-led company said on Saturday.<\/p>\n<p>The cash-strapped and loss-making company had signed a deal with India Grid Trust (IndiGrid) in November for the sale of its 74% stake in the joint venture, Parbati Koldam Transmission Company, which runs an inter-state power transmission line between Himachal Pradesh and Punjab. The divestment is a part of Reliance Infrastructure\u2019s plan to divest assets to reduce debt.<\/p>\n<p>\u201cThe entire sale proceeds are being utilized for debt reduction. Reliance Infrastructure has reduced its total debt liabilities by around 6% from the deal proceeds,\u201d the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Reliance Infrastructure NSE 4.92 % has completed the sale of its entire holding in a power transmission joint venture with the state-run Power Grid Corporation of India for an enterprise value of Rs 900 crore, the Anil Ambani-led company said on Saturday. The cash-strapped and loss-making company had signed a deal with India Grid Trust (IndiGrid) in November for the sale of its 74% stake in the joint venture, Parbati Koldam Transmission Company, which runs an inter-state power transmission line between Himachal Pradesh and Punjab. The divestment is a part of Reliance Infrastructure\u2019s plan to divest assets to reduce [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-394461","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=394461"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394461\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}