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Reliance Infra inches up on completing 100% stake sale of WRSSS transmission to Adani Transmission

01 Nov 2017 Evaluate

Reliance Infrastructure is currently trading at Rs. 502.45, up by 0.35 points or 0.07% from its previous closing of Rs. 502.10 on the BSE.

The scrip opened at Rs. 505.00 and has touched a high and low of Rs. 512.00 and Rs. 499.50 respectively. So far 150267 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 630.00 on 12-May-2017 and a 52 week low of Rs. 426.45 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 512.00 and Rs. 481.40 respectively. The current market cap of the company is Rs. 13204.73 crore.

The promoters holding in the company stood at 49.74%, while Institutions and Non-Institutions held 37.07% and 13.19% respectively.

Reliance Infrastructure (RInfra) has successfully completed 100% stake sale in its two SPVs (Western Region System Strengthening Scheme (WRSSS) Transmission Undertakings) to Adani Transmission. Sale of WRSSS Transmission Business is complete with deal valued at around Rs 1,000 crore. The entire proceeds from the stake sale shall be utilized for debt reduction.

Earlier in October 2016, RInfra had signed Binding Term Sheet while in December 2016, it had signed Share Purchase Agreement with Adani Transmission for 100% sale of its WRSSS transmission assets. The deal has now been completed with transfer of shares and receipt of sale consideration.

Reliance Infrastructure (RInfra) is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.

Reliance Infra Share Price

87.48 0.00 (0.00%)
13-Apr-2026 16:59 View Price Chart
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