Reliance Infrastructure (RInfra) has completed sale of its entire 74% equity stake in Parbati Koldam Transmission Company (PKTCL) to India Grid Trust (IndiGrid). The total transaction value is Rs 900 crore. The entire sale proceeds are being utilized for debt reduction. RInfra has reduced its total debt liabilities by 6 percent from the deal proceeds.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space such as Power, Roads, Metro Rail and Defence.
