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Reliance Infrastructure sells Santacruz centre to YES Financial institution

Reliance Infrastructure Restricted and YES Financial institution Restricted introduced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Financial institution. The transaction worth is Rs 1,200 crore.

Complete proceeds from the sale of Reliance Centre, Santacruz is utilized solely to repay the debt of YES Financial institution. Reliance infrastructure restricted has lowered its publicity by 50 per cent within the final 90 days.

Rinfra has closed three main transactions within the final 90 days specifically sale of street belongings — Delhi Agra Toll Highway, Transmission Asset-Parbati Koldam Transmission Firm restricted and sale of Reliance Centre, Santacruz.

Rinfra publicity of YES Financial institution has been lowered from Rs 4,000 crore to Rs 2,000 crore. Rinfra is dedicated to be a debt free firm in 2021. YES Financial institution plans to make use of the constructing as its company headquarters.

Reliance Infrastructure Restricted (RInfra) is likely one of the largest infrastructure corporations, growing tasks by way of varied Particular Objective Automobiles (SPVs) in a number of excessive development sectors comparable to Energy, Roads and Metro Rail within the Infrastructure house and the Defence sector.

RInfra is a serious participant in offering Engineering and Building (E&C) providers for growing energy, infrastructure, metro and street tasks.

RInfra by way of its SPVs has executed a portfolio of infrastructure tasks comparable to a metro rail challenge in Mumbai on construct, personal, function and switch (BOOT) foundation; 9 street tasks on construct, function and switch (BOT) foundation.

RInfra can also be a number one utility firm having presence throughout the worth chain of energy companies, i.e. Technology and Distribution.

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